Even in the losses there is something to be gained... a new relationship, experience to make that biggerer deal work for you... just always look UP!!

One more thing, the education she got when she took the course has also been valuable.

(I believe they come out on Wed. 1030 am)It would seem that you know some very valuable information and I would like to hear some more about what you know!

“Page Killer” Minimum 7.Run ads on Sundays Only8.Buy Placement adsNewspaper ClassifiedClassified advertising is a very valuable medium for the investor who hopes to find people in need of selling their house(s) as well as those looking to purchase houses.

As you gain experience, you'll start finding deals everywhere.

I did most of the work myself in hopes of gaining knowledge of the skills/tools/materials involved in remodeling.

I understand that if I build a house and use it for my primary residence (even for a short while) then I am exempt from paying capital gains tax when I sell the house.Now, what if I sold the other two lots?

Welcome Travis,Sounds like you're well on your way to gaining your financial freedom and won't have to "work for the man".

On the other side of the coin, Joe has no risk in this and nothing but gains and rewards and has no consequences on his actions in regards to this operation.

On the other hand, you get favorable capital gains tax rates vs. short term cap gains or ordinary income (and maybe self employment tax) on a quicker flip.