If you have enough equity, you can 1031 into 2 properties, each with a good down payment on them.You have to roll your profits into the next property until you have enough profits (cash) to buy with enough of a down payment that the property can then make it's own expenses.

Usually the owner will default on the loan itself and try to get back on their feet by selling said property to cover all cost and make a profit.

Its a fairly complex setup with both a contribution and a profit sharing component.

If the majority would do things right things would not work out. 20% of investors will make 80% of the profits.

I've been looking through the forum for a bit and I've seen bits and pieces about taxes, but I wanted to know if profits from wholesaling is considered earned income or not.

Tell me what you have in mind and I think I can guide you to make it profitable to use these grants and loans!

I think it's safe to assume it depends on the market your in, the harder to find the deal the more profit you make?

But this is not all ways the case if you know the ins and outs and how to profit from this type of program.

It cost $495 to start and is registered with the BBB, and as far as being a note broker goes I'm going to go with Wes-State it requires $149 to start gives you access to Note Holders (they don't know if they're selling, but knows they have notes), Investors who'll pay 5-10% for locating a note for sale that they buy, and the chance to partner up with company, if you tell them about a note and they buy it they'll split the profits 50/50, and it's registered with the BBB.

Seems like everyone I know has a specific construction expertise.List on the market with myself and hopefully turn a profit.