Dwan is the Queen of 50% off FMV, but I doubt she's ever gotten a SS approved at that discount to FMV.

This will probably be the hardest thing you have ever done...there is a reason only 3-4% of this country are millionaires.

The only rental I've ever owned so far was a new condo in San Jose 20+ years ago.

If you don't mind me asking have you ever wholesale a property here in San Diego Ca

The bank won't see you sold it the same day unless they went back and checked the deed records after everything is recorded, which they won't ever do because they don't care enough to do that.The bank's title company?

If you depreciate that over 5 years you get an extra $2K/year in write offs, if you're in a 25% marginal bracket you would save $500/year in taxes.I only ever did it on new carpet and HVAC systems, because I'm a big believer in "keep it simple, stupid", and extra depreciation schedules complicate your life, and I was always more interested in increasing my revenues than cutting my taxes.My former CPA was pretty conservative, but still I often expensed small dollar items instead of capitalizing and depreciating them.

The second letter refers to the first like "two weeks ago I sent you a letter", then I push more buttons, like buying the house as-is, etc..Third letter ends the sequence, recaps all the benefits and then says for them to keep the letter should they ever decide in the future they want to sell quickly and easily.

But, ever property which has been at least 20 in the past two months hasn't went through.

I am wondering has anyone out there ever successfully dealt with an Investor that was part of one of these chains?

Your in the game you might as well play where you have the greatest chance of success.It is all about risk assesment in my humble opinionI prefer to risk everything I have because if i lose what I have I will have it all back in under 5 years most likely in 2 years.If I don't risk it I know I will be broke and unable to retire.Hmmm what is retirement......I don't think Ill ever do that one because my definition of retirement is to be able to go where I want when I want and do what ever I want to do.........So I make a few phone calls during the day and make more money for doing so......I will never quit teaching people This business because It has made me a truely free man.One will never be free until one has no attachments in life because attachments by the nature of the word attach us or tie us down......I am not attached to my money or things....I can't take them with meI am not attached to life.......when i die my body stays hereI am not attached to my wife and son .....I love them but they are their own spirits.......If we had never taken the risk to travel to the moon we would have never reaped the benifits of such a great undertaking..Sorry but I believe that all things are possible to him that believe...I guess it's kind of a sensitive subject for me.