Consider too that his statements were made by a person that was raised with the advice to "get a good paying job at a large corporation with a pension" work there for 40+ years, then retire and collect on your pension and social security.

I wanted to know what would be the best approach to minimize the tax implications on a wholesale deal.

i know if you rent it there are taxes on rental income...i know if you sell it there will be a capital gains tax...i know that when you assume the title there are transfer taxes at closing...but if you get gifted a small property with some equity (less then 30k) are you liable for any tax implications by just by assuming ownership???

I'm seeing that my social networks are becoming more and more interested in real estate investing and I was thinking of starting to document and promote local rehab projects to get them excited about new homes coming on the market as well as potentially getting involved in investing themselves.If you are a rehabber in the Seattle area (Snohomish preferred) and you have some projects (either already completed, active, or in prep) that you would be willing to share, I would love to talk to you.

Neighborhood effects, including crime rate :o What are the implications for real estate investors do you think?

If your design is chosen, we'll be sure to shout your name all over BiggerPockets and our social media channels!

He's an Vietnam Vet living on social security.

What about social media (Craigslist, backpage, etc...)

My name is John Thies and I'm not really good with social media and making a promise to y'all I will improve.

your individual circumstances should be considered with your CPA and attorney, because forming an LLC or a Corporation has both an accounting and legal implications.