You're asking someone to spend a lot of time and energy to share what they've spent years - maybe decades - learning and developing.

Anyway the point on the land basis is if you have a very low basis you have just now subjected your land equity to ordinary income and market risks on top of it.Plus personal risk on the loan if it goes bad do you have the money to pay the first off if you need to.  

I'm just educating people on where to put their money.

Growing up in a household with 6 siblings and parents working hard to survive living in California I became very observant of what others were doing to make money.

If there happens to be such a law demand the money be placed in a high yield bank account where you get 100% of the interest.

I was wondering if hard money lenders or private lenders require you to be licensed as a mortgage loan Officer to find them new clients.

I would have if I had money to invest when I started.

Also realize that your closest comps may not be pricing correctly and leaving a ton of money on the table.

Tax Benefits Once Built- Deduct depreciation and cost of maintaining the property - Deduct mortgage interest if a loan is taken outWhile I am not an accountant, I do not see where it would save you much, if any money at all.

We can e-mail, post, or ask ANYTHING and Sean will spend as much time as needed explaining it.