What percentage of everyone's net worth is held in RE?

It's going to get MUCH WORSE and a huge percentage of the city, state, and the federal government are BROKE!

There are many I respect that make money using them, but you have to do a ton of work for the small percentage that lead to accepted offers and I think my time is better spent investing elsewhere.Maybe it is because I really don't like banks...I just prefer to deal with sellers.

What percentage?

Permits, licensing, costs and risks involved with investing in the low income hoods with their old homes and high percentage of rentals are going up, and clearly interest in them is going down.Did I mention it makes the mind race?

How I started: RESEARCH RESEARCH RESEARCHApparently, when you own a property you can sign it over to anyone, this even works in percentages of ownership …..3%.....5%.....25%...85%.....etc etc.

This can happen as I alsways ask what other work they have going and if they are going to order a truck load of sheet rock, then we talk.Advances on the bid job are to a percentage of the total work accomplished and change orders are a flat hourly rate.

I would not expect it to cashflow like my rentals; however, I was looking to see if it would help cover a large percentage of the costs.

Even as a percentage of just rent, your operating expense ratio is only about 35%, which is still low.If you assume OE of about 50% your rental income, then it is still a good deal.

IRS (the tax form and I have read the instructions also) is treating the 840-179 as total receipts collected in the year of sale and applying the gross profit percentage to that - yielding a taxable gain of $X (big number!).