He not only was the richest man in his time, but after losing everything through no fault of his own, he gained it all back!

I heard he burns up to 4000 calories in a single training session (of which he has multiple per day), and that he can't gain weight to save his life!!

Late Orders– This is a very big mistake of the whole equation and should given much attention.

I am a newby, I have found a property 3months in default the owner walked away from. I would like to secure contract and assign to an investor. No forclosure notice has been given yet..2 weeks on early Sept. estimated...

If that were the case, then all profits, including cap gains would be hit with self empl. taxes.

Even though she sold it at a loss, she will end up showing a gain, for tax purposes, of over $9,500 due to the depreciation recapture.Yes, she got to write that off while holding at a rate higher than the 25% recapture but she is still in the hole with a real out of pocket loss and the earlier depreciation write offs consumed the entire loss at sale.Depreciation is still a good deal for an investor.BTW, many think they can just forgo taking the deduction while they are holding, for whatever reason.

I deal primarily with REOs working with clients on the purchase of them (About 75% of my business).Banks and AMs have a process they use to look at offers, some pay attention to the names coming in on the contracts, some do not.If you included a letter stating you were not associated with the other party, you should be good.During a multiple offer situation, this is USUALLY how banks view offers, in order of importance, and these do have a great effect with who they do choose to be the one to buy the property.Purchase priceClosing costsFinance typeEarnest Money DepositI've had buyers to win contracts over other bidders not by purchase price, but by the fact they had cash to close, or were willing to put down $10k as compared to another buyer's $1k.

I look forward to interacting on this site with all of you and hope I can be of help to others as I gain more experience.Ken

Can anyone give advice to me about gaining capital and moving forward in this game

Whats up People,

I'm new to this website so I don't know how many people are going to view this topic. I'm an Investor seeking for wholesalers that's around NYC.( No newbie's Please)--