For example, if you operate two separate farms on which you grow different crops and you keep separate books for each farm, you should make two separate elections to postpone reporting insurance proceeds you receive for crops grown on each of your farms.

Growing a rental portfolio at the same time, closing in on 100 houses (will probably hit that mark in Q1 2013, bought about 50 of them this year and most of the rest last year), plus a few apartment complexes and a self storage facility.

I know other family members who work a regular JOB.Their mindset is put money in savings in case of a medical illness or rainy day fund.Take 1 or 2 trips a year with vacation and that's all they aspire to be.They look at me and what I do and think "I am lucky" or "I have it good" that I have my own business.They think I sit at home in my office all day and do nothing.They do not realize I am putting in way more hours than they could imagine.I am sacrificing now so that down the road as I get older (36 now) I can take it more easy.Meanwhile many of these (savers) will be working as a greeter at Wal-mart at age 70 and complaining about social security not being enough.I am not going to be one of those statistics.A family member that is 68 has their house paid off,car paid off,and with social security still lives hand to mouth.I try to explain they need to grow that money to stay solvent but FEAR is what grips them from making a move.Whatever everyone believes we know we are born and in a certain amount of time we die.Where we go after that is up to each person to decide.So you do not have time to let FEAR keep you from making rational decisions and not living life.There is risk in everything.Successful people taker calculated risks and on average win more times than they lose.I guess I would be 4 and 5 since I have my own money but also buy property using owner financed deals.

Go down to the "RESPA'S statutes explained: consumer protections and prohibited practices" section.

The goals consist of:- 30 day goals- 60 day goals- 90 day goals- 3 top issues/problems of the monthsome of information we might share: - Our marketing strategies- short term goals and long term goals- Continuing education strategies (relating to REI)- Financial goals- Family and Leisure time goalsWith this type of information you can brainstorm ideas, achieve goals and grow our businesses.

My first, and only so far, investment looks marginal on paper with 12 to 14 percent consumer financing.

My long term goal is to invest in single family homes in growing markets (Atlanta, Austin, Nashville are some of my interests), and hire a property manager.Question part - From everything I learned from books/podcasts/forums, I should start local and manage my own properties so I learn the business.

I am working on various strategies but I'd really like to grow my understanding of the ins and outs of private money.

However, when the economy recovers, I am concerned that the increase in prices will cause these cash flowing properties to grow less and less.

Owning our own home, growing old in it, and retiring off of it!