If I lease purchase a home and pay a lease payment for 2 years and then find a buyer to buy it, do I still get to write off the whole capital gain amount even though I only owned it for an hour if its a double close?

The whole Mortgage Backed Obligations (MBO) marketplace is an example.John Corey

I'm a little cold on the whole subject and would appreciate any advice.

Something about this whole thing isn't right.

I live in Missouri City, Tx and have been reading a whole lot from this site for the last week...

I know an entire book can be written on each creative tactic I plan on using but I’m just interested in knowing the basics (the contracts that are involved, and what to do with them after they are signed, and under what prime times should I look to use each tactic), I plan on learning the details through the school of hard knocks, that’s through actually getting out there in the field learning and making mistakes.another reason why I just want the basics, is because I don't want that whole "paralysis of analysis" thing to happen to me that happens to most beginning investors, its so easy to get overwhelm in this business that’s why most fail and the ones that are somewhat successful take so long to do so.So if anyone can answer all of my questions or part of them I’ll be so thankful

Atlanta being a bit of a big place do you cover the whole market or is there a geographic focus to your business?

The 3% isn't that much money but the shocker was the reality of seeing the number as a whole and that number on this sheet of paper was much more real looking than the same numbers on my spread sheets.

You really need to go read through the Wholesaling Forum to get an idea of what you need to know about the whole process.To answer your specific questions, yes, you can do it without a loan by either assigning the contract or double closing, and, yes, it is legal in California and in Texas.To reiterate my first point, you really need to go read through the Wholesaling Forum to get an idea of what you need to know about the whole process.The type of financing your "investor" is using to buy the property with will make a big difference on whether you will be able to wholesale it to him.

It's about the portfolio as a whole, not its individual parts.