I PMed one of the long-time BP members several weeks ago that was complaining about "certain members" increasing their post count.

.- Only his vote counts in an election.- When he needs to travel, he simply boards any airplane and the Captain asks, "Where to?".

Originally posted by Kevin Lunt:I'm fascinated by how many members are curious enough to view this thread (over 1100 times), yet are apparently opinion-less as only about 55 or 60 comments have been left.Each repeat visit is counted.

But here are the basics assuming he owns the property personally and all income/expenses go right onto his personal 1040...The property equity, any rehab costs (prior to renting) and capital expenses are all considered Fixed Assets and go right to the Balance Sheet (in other words, they don't count towards income or expense until sold).All rents, application fees, late fees, etc (basically, all income) are considered Income in the year it was received and gets added to the top line of your tax return.All expenses -- taxes, insurance, maintenance, property management, interest on your loan payments, etc -- are considered Expenses, and are subtracted from your top-line income before your tax is calculated.

Generally the sellers have no money in these situations.So the costs associated with the seller side the bank might balk at paying and you will have to come up with those funds.The separate deed issue is a biggie as well.Residential loans are single family properties,duplexes,tri's,and quad's.Anything 5 units and above goes into commercial financing.Commercial financing the underwriting is much easier to qualify for as it's not regulated like the residential.If the properties are separate legal description than most lenders will count them separately and not together.This will force you into a residential type lender.

Paying bills for another person does not count towards the gift tax limitations.

Given the solid base of knowledgeable posters who post here daily, that goes a long way to keep the undesirables from feeling too welcome.Still, I think upping the minimum post count before someone can post in the marketplace forums would be a good idea.

Currently I am signed up with about 30 banks and counting with direct contacts to the commercial special assets vp's and directors.My goal is to sign up with a few hundred more.Most distressed properties released by banks are lots and raw land for which they see no recovery followed by mom and pop type stuff.2011 I believe more of the bigger stuff will hit the market more frequently.Goal is to do at least 30 million in transactional volume on real estate deals as a broker and then purchase a few investments of my own.Between triple net,apartments,and bank distress deals I believe my goals are achievable.

I can't even count the number of people who have approached me claiming they want to be real estate investors, but then never take Action.

Bottom line, I want to know that my net worth is growing and that I'm counting real assets and fully recognizing any debts that I have.