I strongly recommend starting small and gaining experience as you grow.

I am sure you will gain a ton of valuable knowledge from reading the articles, blogs and posts on this site.

I did all of the leg work but, more importantly, gained a ton of experience.

CD is ordinary income, real estate cap gains (until Mr.

I would tend to agree that a rule of thumb expense rate of 45 - 50%, which would include any over time capital expenditures, is probably accurate.Of course, for the purpose of investment evaluation we also need to consider gain from appreciation (???)

Just starting out so the plan is to attend some of local club meet to gain extra social channel in this filed.

If you have a solid and trustworthy sphere of influence you're good to go, if you're new to town, you have to do some pretty humbling things to gain peoples trust.Oh, and lots of times when you tell someone you're a realtor, you'll notice that the look in their eye means that they are not interested!

I so far stick to Buy and Hold for long term gains and rent income.

He is willing to sell but is worried about capitol gains.

In addition, my understanding is that putting your personal residence in a LLC will cause you to forfeit the $250K ($500K if married) capital gains tax exemption on the sale of your house!!!