Our account confirmed that it would not be a wise decision.

I was pointing out that most wholesalers only deal with truly motivated sellers and that being upfront with your real intentions is still a wise move.If that's what he does and it works than all the power to him but I still feel that being upfront is the best way.

But while it is a rental, a wise investor will use the 50% rule of thumb for RENTAL EXPENSES.But once you SELL IT, you are CASHING OUT your investment and you will have a TRUE RETURNS of the TOTAL INVESTMENT.

(financing wise) I would like to stay away from conventional loans for the first few and just do all cash deals.

Welcome to BP Nation and congrats on your first deal.That said, jumping in without having a full understanding of the business is not a wise decision.

It keeps your money working and growing for you, so it is generally a wise tax planning strategy.

Even if I could pay the $11,000 over 5 years, it would make this property worthless cash flow wise.

It is sometimes wise for financial planners and CPAs to work together to provide good tax planning.

The government will wise up and figure out this is not a rule you want to start with the economy the way it is.

To Sportf190, b4 you go out and start sending stuffs, you got to know not just absantee owners, but what kinds of demographic, georgraphic, age wise, financial wise are they in!!!