Residential sales seem to have a great impact on the economy , as we know the biggest reason for 2008 debacle is sub prime loans for real estate .Talking from vague memory here , the boox tax loop holes of real estate investing , has a very good explanation of why governments encourage home buying through incentives and how a consumer can take advantage of this .I also have to tell one important thing I learned about the recent tax changes , so I don't mislead anyone in to thinking that buying a home has great tax benefits for everyone .

And that “utility bills” mean they pay for what they use (i.e. trash services, water, gas, and electricity they actually consume).

You can often search yourself online but it is time consuming so worth it to just buy the list. 

Having a well rounded education enhances your knowledge and the engagement of your brain, can only benefit you in the long run.Too many people quit there jobs way to early.  

You can click here: https://www.njrealtor.com/consumers/realty-transfer-fee-calculator/ The title company has a closing fee which is normally split between buyer and seller.   

Texas is a little more free with these kinds of loans but very good point for certain states.Yes I thought it was an appropriate time to mention that to the audience since many times they don't really understand why HML do what they do.Like in 12 states  OR CA NV for instance you MUST be a fully state licensed and NMLS registered to do any kind of loan on 1 to 4. in CA you can use a CA broker license as well as a consumer finance license.. so 3 ways in CA but you need at least one of them.In Oregon STate license and NMLS.. and in NV state license NMLS AND brick and mortar..  

That's not typical, unless there's a CA requirement I may be not aware of.Next, the hardest part about REI is transitioning from a consumer mindset to business mindset. 

To enhance the learning curve here, are some more details:We purchased the property for $895,000 the end of May. 

Very time consuming, and VERY expensive to you.The alternative is to flip the cash you have at the start (Seed money), reinvest it in the next flip, and continue to do this over and over until you reach a point where your seed money has grown large enough to take the flipping profits from every subsequent flip (only the profits...the seed money continues to flip, over and over), and invest that into the holds. 

Someone put it best for me one day “choose your hard”, everything is hard, time consuming, and people complain about what you do no matter what.