A private money or pure asset based hard money lender may be a better option since they aren't bound by the same regulatory environment as a bank.

Following this thread ... my wife moved to Rockville from Texas recently and I will be following ... in Maryland at the moment and interested in tax lien certificates ... the tax sale in Montgomery Co was today [June 11] ... from the results of last year's tax sale it seems like hedge funds/WS dominate the tax lien sales in Montgomery Co ... would be interested in buying a few Baltimore tax lien certificates with the idea of the properties being redeemed but down the road could see buying TLCs with the idea of obtaining the property down the road and rehabbing the property ... seems like an interesting business in a risky area ...

Keep performing asset and buy more.I agree with both opinions.

I haven't explored setting up a TX trust, is this a requirement and is my CA trust not able to hold the TX assets?

Your age is your greatest asset.

A lot of people can not do it even after they take the investing course.Investing in real estate obtained via probates is fine but it's not quite as competition free as Mr.

Best bet: connect with local investors/lenders/brokers to narrow your focus (what type of asset, what sub-market of the metroplex).

HOA fee - If HOA fees are not paid, business will incur fines, so it is necessary to make the profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over few years as done for improvements.

Can you obtain an equity line of credit on vacant land that has a lease on it for a business to round up hay bales?

But I feel that with real estate you at least have a tangible asset.