Now technically, you get the judgment against them, but now you have to go get the legal process started again to collect that, even if you can find them, and even if they have the money to pay you.No doubt, NEVER turn off the utilities.

Now that I am getting my license in addition to just being able to flip a contract or assign it out, I may be able to collect a commission from the seller/buyer on these sales.

Another example, which I've put into practice, is that you can put your kids through college if you plan early enough and invest in real estate.

Just because you are paranoid does not mean 'they' aren't out to get you.Seriously though, you have a couple of issues mixed in here.First, if you have assets outside your real estate investing, things like investment accounts, high value collectibles, homes and other personal property you want to protect, putting your properties in an entity isn't the whole solution.

The podcast was AMAZINGLY educational and I have already put a lot of the practices in place!

As per the rental agreement, I collected $50 per unauthorized occupant and they had to leave.

Between a day job and flipping income you may hit this.And keep in mind that if this really is your job and you expect to collect social security someday the amount of income you report now will affect what you collect later.

A place that seems to share many of the same values of my home community (hard work, a friendly attitude and fair business practices.

It's a collection of the best flipping info from the site.Oh- last thing: Have you setup your "Keyword Alerts" yet?

I am a civil engineer with emphasis in structural although I have never practiced structural engineering in the "real world".