If you were in any real estate profession you would have been deeply effected by this law.

Just some comments to flipper 101 as to that land contract transaction that went south.Well it does not surprise me since anybody can bind the other and to split the legal title with the seller and equitable title going to the vendee or buyer can lead to diasterous results on the title on the property if the buyer claims an equitable interest which he has..and getting a tenant out if he defaults can proves to be a nightmare and how he binded you by encumbering the property is unbelievable.If you suggest using an outside entity such as a trustee why not just use a land trust and get all the benefits of using that enitity and thus by the trustee holding bot the legal and equitable title called the doctrine of equitable conversion now you have a situation where not other party can take advantage of one another and you would all vote to your designated trustee on any and all affairs of the trust property due to it being a beneficiary directed trust so you must ALL be in agreement, sure avoids litigation and disputes and no one can circumvent you on your investment.I know that feeling of getting burned which is why I use land trusts in my investing since all parties are equally protected in any given transaction.We all made our mistakes in this business..that is for sure..

The Mortgage Bankers Association believes that Hispanic borrowers often steer clear of mainstream lenders due to deportation fears and their dependence on cash transactions.

I enjoy the real estate game and have had success in personal transactions in the past but now I want to take the next step so I am trying to figure everything out.My only real esate closing experience is a buyer or seller.

if you live in Utah, and have your S Corp filed there, and want to invest in Seattle Washington, you speak to your CPA and he'll tell you if you need to even register in the STate of Washington to transact business there.ask your CPA.now, as for LLC and self-employment taxation - talk to your CPA first before you jump to conclusions about S Corp vs LLC.

Analyze them every 6 months or so to assess effectiveness and change them up if they aren't working.

Many people have told me to do this rather than wholesaling or flipping properties...Does putting a home under contract effect the seller at all or do they still get their money?

I agree with JW knowledge is power most clients you deal with have only owned one home and that was their first and the likely hood of them remembering anything about a real estate transaction is slim.

Now developing increased financial responsibility with what they currently have and with what they will have, will insure that this increased income will not leave just as quickly as it came, but I am just not sure that topping out a 401K or paying off all your debts is the most efficient and effective way for everyone to get ahead.

Either way using a GRM to prequalify rental deals is a quick and effective way of being efficient in looking for deals.Now as one of your "take aways" accurately stated, if your primary exit strategy is long term rentals then reaching your rental numbers is definitely more of a priority than buying at a discount.