I personally feel that it's a waste of money but I've been rehabbing for 15 years and have my own methods that work for me.

So to answer your question, yes it would be worth having a website set up to attract customers for entry only agreements.Here's how...You going to want to start out with figuring out how you are going to structure the account.

If you structure everything correctly, REI provides an excellent tax shelter that's legal.

I have approx 36 employees finding properties that are priced at 50% of market value and below.I have methods of turning these properties in less than 30 days.I do not enter into any of these investments unless the risk is extremely low.The last deal I did had a 1900 % ROII'm working on one now that should Net 100% in under 30 days.I have over 9 years investing and am on a roll that will not stop.

If you buy that older home in the right area and do a little work to it you can usually close the gap on the rent difference by another 5-10%.On the older houses though you need to know what you are looking at as far as the structure of the building and the mechanics (plumbing, electrical, heat).

I'm not trying to be argumentative; I'm an Aussie planning to buy in the USA and I'm trying to learn as much as I can about your (very different) methods and customs of transacting property before I hit the ground.

Leaks of the structure leading to damage and mold.

I know there are a few different methods for wholesaling REO's and would like those who have done this before to comment on the process in more depth.I appreciate it.Dustin

You can end up owing SET (self employment tax), too, depending on how you structure it.

I am starting by one rental property and I want it to be under an llc for my own assets protection.

- Should I buy the property under my name then I setup an LLC and somehow transfer the ownership? In that case the l...