We use a Series LLC but that concept does not exist in NY.

Shanell Williamson i don't think Benjamin Barredo was trying to be negative at all, he was being realistic.The concept is simple, no landlord in this world would give free housing.

The goal of the spouse formerly earning $90k (maybe $25k after taxes and daycare) is to gobble up enough RE that there are over $25k in tax savings, meaning buying RE is more profitable to the household than going to a day-job earning $90k when your spouse is making $10m, and a parent gets quality time with the kids to boot.Next is net loss carryover. 

Have an introduction letter signed by seller that you are licensed but acting as a principal.This is from the Bureau of Real Estate in Sacramento (some are commercial concepts):``````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````Non-Mortgage Alternatives to Real Estate FinancingThere are a variety of ways to acquire real estate interests without using mortgagefinancing.

I get the concept of whole sale real estate and a few steps down but I always end up lost and with 100 questions.

While I'm sure all the answers you got above are accurate for the people answering they might be completely wrong for YOU and your property.While real estate is a global concept the details are very local.

Although I will say, I have had a hard time grasping the concept of skipping the 4-doors, and going straight into 16 units. 

Wholesaling is a simple concept, but takes work like most things that are worth while.

To sell them at "rock bottom" and invest the cash we'd reduce our household income by half or more. 

The concept was less about managing the risk directly and more about providing the connection.