We ran the numbers to make sure we would still have some cashflow even with the HELOC when we're done rehabbing because it's at a higher interest rate than you can get with your regular mortgage.

The other upside is once a week I go through the entire week's worth of updated threads, as they are sorted in chronological order.

Hopefully Josh will catch up and update all the club listing soon, but it is a great resource.

One of the fines was for a late return on a check and another for not giving timely updates on the accounts.

John,I updated my profile a little more.

Steve the updates was with server´s time issue in June 2010, all posts before was updated :).

Update your profile so your city and state shows.

However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.Because of that, it looks like I would not be able to deduct any rental property loss against our regular income if I owned a rental property in the "normal way" (schedule E).My question is whether or not it is possible to get around this by forming either an LLC or an S-Corp.

In response to several requests, we have made a minor upgrade to the forum that I think many of you will find helpful. This new feature adds a link that shows topics that you have posted in that have received a reply...

Professionals who you will need for development projects including title officers, lawyers, contractors, etc.Please update your profile so that your city/state show up.