I'm just now getting started in the Real Estate movement and really can't wait to start building my personal asset and wealth.Wendle Mc :groovy:

If you sell an asset in less than a year from buying it, then your profits will be taxed as ordinary income (at whatever your tax rate is for your income).

You seem to have a great asset starting out with someone who not only supports you in your new endeavor but is also experienced in it.

I just discovered this site it looks great.I am also an experienced S/W developer that has banded together with a team of engineers to make software that works great for small real estate investors.

Any debt for an APPRECIATING asset (like RE) must cost LESS than the rate at which the property is appreciating!

He's been a great asset to this site.

every area is differentand in my experience real estate is all LOCALi have find great properties that work..but bad properties only a few block away that don't work. your knowledge in area is a big plus...as for lender or buying whole in cash. i have to say.. do what is right for you. don't listen to others about lenders or banks. its all with the individual.... if you don't feel comfortable...buy all in cash. as for me...i like to leverage since its a form of asset protection and great return for your money. thankssunsmicro

Would like to establish direct working relationships with banks and asset managers to generate some BPO business for my company and avoid the low fees and the likes of the manangement companies (Clear Capital types).

I ran this property through my investor software and the numbers are far better than any other multi family in the area.

If you have some experience, some assets, and/or good credit, they may give you a little rope to see if you hang yourself or not.