I knew from a young age I was destined to be different.I was the one always thinking outside the box to find creative ways to make things happen.Working a 9 to 5 job for the man would be literally like DEATH to me.When I got into real estate about 8 years ago my first broker said "Be passionate about what you do and help people first and the money will take care of itself".I do get satisfaction out of solving a really hard problem and being able to do what not many other people are able to do.That's why I love commercial real estate because of the complexity of it.On flipping properties I am debating that versus flipping businesses.I am a natural at taking an existing business and locating the problems and fixing them.

Every time I think I have a good one I realize either the taxes are going to eat up all the profits (this is typically the problem) or there is some kind of legal complication associated with renting or having a 2-family in the particular area/incorporated village that the house is located in.

When somebody mentions using a 1031 exchange, I naturally assume they're looking to maximize their tax-deferred benefit, i.e., roll their entire gain into another like-investment.

http://www.marketwatch.com/story/double-digit-rent-hikes-are-on-the-way-2011-01-13A perfect storm is brewing for rents to rise.Some highlights:"Multifamily developers broke ground on just 114,000 units in the United States in 2010, a figure so low that it wouldn’t account for all the multifamily units lost last year to the wrecking ball or natural disasters."

I love the positive nature of this place with all the optimistic investors.

For those who don't incorporate tax sales in your business model why do you choose not to ?

These books were generic in nature and not real estate specific.

Naturally, all of the most affordable properties are popping up in what most would consider a "spotty" or "ghetto" neighborhood.

But I haven't found an attorney who deals with incorporating in Nevada and foreign filing in CA.

I am a very conservative investor by nature and am quite careful about the types of risks I take and generally do not like bankruptcy risk very much. :)