One of the biggest problems is, once you leave your full-time employment, it is going to be very difficult if not impossible to get mortgages on investment properties.Personally, flip some contracts, take that money, by free and clear real estate!

On average, it takes laid-off workers 55 and older nearly a month longer than their younger counterparts to find new employment, and the gulf has been growing recently, according to the U.S.

[citation needed]After graduating in 1984, Cramer's plans to become a prosecutor were dashed when he was denied employment with the Office of the United States Attorney for the Southern District of New York, headed at the time by Rudy Giuliani, because his law school grades were deemed not good enough.[3]Cramer was admitted to the New York State Bar in 1985 and his current status with the NY Bar is "delinquent".[6][edit] InvestorCramer obtained employment in 1984 as a stock broker in Goldman Sachs' Sales & Trading department.

I think once we get through the historical seasonal downturn of winter, we'll start to see some local improvements in various large markets.While the economy has seen growth the past 3-4 quarters, the fact that employment is just starting to trend up is going to have a big impact on home sales, and in general, the more houses that are selling, the more stable the prices are going to be.Again, I'm no expert -- and I think we still have plenty of economic issues that will continue to plague us until they're adequately solved -- but I just don't think we're at risk of another major market drop in the next 12-24 months.

I've been self-employed for about 12 years now.

Employment history and income need to be evaluated to really help make a great recommendation.What has your mortgage professional advised?

You save on double taxation and the income is not subject to self employment tax.

You are seeking entity financing---something like this one:Documentation: No Ratio, No Documentation Main Credit Score: 400 Credit History: Very Poor Debt to Income: N/A Occupancy: Owner Occupied, Non-Owner Occupied Loan Amount: $200,000 - $50,000,000 Lien Position: 1st Mortgage Cash Out Amount: $50,000,000 Loan Purpose: Bridge Loan, Purchase, Rate and Term Refinance, Debt Consolidation, Cash-out, Heloc/Line of Credit, Construction, Forward Commitments, Equipment Purchase, Unsecured Loan, Business Loan, Equity Capital, Venture Capital, Credit/Asset Enhancement, Takeout (const-to-perm), Home Improvement - Value After Improvements, Rehab, One-Time Close (const-perm) Property Types: Five Plus Units, Mixed Use, Farm/Ranch, Condo-tel, Retail, Warehouse, Raw Land, Hotel/Motel, Office, Care Facility Housing, Special Use, Industrial, Gas Station, Other Commercial Types, Office Condo, Non-Warrantable Condo Rate Types: Straight Fixed, Adjustable, Hybrid Amortization: 5 Years, 20 Years, 25 Years, 30 Years States: AL, AK, AZ, AR, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, International Special Features Drive By Appraisal, Borrower is a Corporation, Borrower is a Church, Borrower is a Trust, Borrower is a Foreign National, Non-Permanent Resident Alien Allowed, Borrower Owns Over 10 Properties, Mortgage History Only Reviewed, Bankruptcy May Remain Open - Ch.13, Bankruptcy from Filing Date - Ch. 13, Currently in Foreclosure, (bailout), Borrower with NO Credit Score Allowed, Score Only, No Credit History Reviewed, No Form 4506 Required, No Reserves Required, Gift Funds Allowed, No Mortgage Insurance Required, No Seasoning Required on Funds to Close, No Prepayment Penalty Required, Interest Only Payments Available, Less Than 2 Years Employment, Self-Employed, Non-Recourse Allowed, Recorded Land Contract Allowed, Unrecorded Land Contract Allowed, Less than 12 Months Seasoning Refi, (using purchase price), Leasehold Property Allowed, Less Than 2 Years Employment, Wage Earner, Rural Property Allowed, Seller Seasoning less than 6 months Allowed, No Minimum Number of Trade Lines Required, Less Than 12 Months Seasoning Refi, (using appraised value), Lease Option Allowed Regards,Scott Miller

No, in fact it will often raise them.Both here and on 3 other sites I see people contemplating 1031 exchanges when they barely have enough gain to justify the expense of a facilitator and the extra acquisition costs.For the record my income tax return for the past 12 years has had all of the following, just about every year for most items.W2 income, 1099 consulting/sales incomeInterest income, including interest from seller financed loans,Recapture of depreciationRental income, and expenses and depreciation on rentals pptyLT cap gains from sale of long held rentalsST cap gains from flipsSub S corp income from my sales company401k reductions, SIMPLE reductionsOffice in house expenses, loads of mileage for business travel and other self-employed business expeneseDividends from stocks and mutual fundsDespite all of this carp I feel confident, because I closely review the return and question the CPA that if I wanted I could purchase TurboTax and do it myself.

Also learn about the vesting of your employer matches.