I agree with Kaz: YOU need to retain control of vetting all deals the HML want to Finance.Which is to say: do YOU have enough knowledge to effectively vet the deals?

or does it mean that you can use those laws as they were intended to be used: to develop and retain wealth?

If I can get a 15%-20% IRR and keep it going for several years that will give me 4-6X return on my starting capital + wages earned after 8-10 years.My goal is to hit $4m by 40; buy a $1m house, $500k buffer, and $2.5m to fund a 4-5% annuity so I can travel the world in a jeep, car, boat, whatever and retain the optionality to stay at a nice hotel/ home-tel when I want to :)Anyways if anyone in the Bay Area has the same goals, interested in construction/ real estate especially out of state opportunities, hit me up, I am open for chat/ whatsapp/ coffee or w/e. 

In LA you also need to have the landscape approved as well as getting gradient permits for retaining walls.On the documents you have, there should be phone numbers and names of City officers who are handling the case and you should be able to call them and speak to them.

There is also 2 years of college with some specific business class required.A broker would be ok with an agent who's only intent was to buy their own homes off the MLS because the broker would retain the brokers cut of the commission on said homes.Example: You are hired by a broker at a 60/40 split and you buy 10 houses a year off the MLS.

Remember, in a pass through entity, all items of income and deductions retain their character.

Originally posted by Mr_Investor:I'd get California under contract and flip it to Mexico for an assignment fee :mrgreen: Nope Mexico has no money either...Now those drug lords in Mexico those guys have serious $ $ $ and muscle to go along withe the $ $ $ :wowo: :wowo: :wowo:

She retains ownership, he makes payments and gets possession.

I had a guy offer to give me a couple of muscle cars for the down payment on a house.

He or she may have one on retainer.