If have Dealer staus acording tothe IRS even if you hold a property longer than one year you still pay ordinary income on it and all your gains are subject to self empoyment taxes (ie: Social security @15%~~).

Any time I've ever done construction, I just got a contruction loan and the bank accepted my ownership of the land in lieu of a down payment.The bank wants security and the clear title to the land quarantees that there is equity in the project.

Do I just keep the security deposit?

If a tenant moves out of a property after his lease was completed and the landlord refused to return the full security deposit due to "dusting and cleaning of the apartment" is it possible for the tenant to file a mechanics lein on the property for the remainder of deposit?

Granted, I'm not looking at 1.4 million dollar properties, but...

How do you find people willing to invest without running afoul of state and federal securities regulations.

If you improperly handle escrow money, security deposits, etc., this comes to the rescue.

Originally posted by Wheatie:To be frank, when you offer 20% returns and say "there is hardly any way to lose money in what I am doing" my eyebrows really go up.So do the eyebrows and investigative interest of every state regulator and the Securities and Exchange Commission.

I look forward to growing my wealth, securing a future for myself and my new wife with all of your help.Thanks, Dave HumphreyAnd if anyone is in the Akron/Canton area, I would be happy to buy us lunch one day if time allows for you.

FYI The price is 123k, arv 220-230, with 20k necessary on the high side.My girlfriend has excellent credit 760, good secure job (Teacher) but has little to put up or out of pocket without wrapping it into the loan.