Our buyer will then buy it from us with cash (so yes, we will have actually owned the property for an hour or so)So, if our profit was $40K, are we liable for capital gains tax, regular erned income tax or what?

The Census Bureau site does provide some of the data, most cities in the nation have had an updated census taken since 2000.

My profile doesn't seem to be updating correctly.

Open a checking account...then go out and look for a house.My point is not only will you get an updated education on REO, you'll make a friend out of your own banker (never a bad idea), and a great home-buyer referral source.Good Luck!

Some of these expenses don't occur on a regular basis (such as excessive tenant damage), yet the effect on the bottom line is still profound.What type of business are you in?

Some are regular, like taxes and insurance.

This forum seems to be one of the better ones out there and I look forward to participating on a regular basis.

Once my first deal is accepted, I will begin calling these people and letting them know the deal that I have.By getting down to this level of detailed, you have thought out and put an action plan together to accomplish your goals.Good luck, and keep us updated.

I just started receiving Michael Kimble's emails too- they are tempting, but I agree with Mr_Investor's remarks.Any updates on whether his Customer Support is any more accessible and responsive now?...

Ben,Can you give us a update on the situation?