I walked into the first year of my marriage with student loans for college that I did not finish and a large business loan for a business that failed and no longer existed.

I wanted the business to grow primarily because I saw a massive void in the market for intentional, investor-focused SFR property management.

To help you in your real estate journey, consider the following road map:Educate YourselfClarify Your GoalsEvaluate Your FinancesBuild a Solid Credit HistoryChoose Your Real Estate NicheNetwork with Experienced InvestorsCreate a Real Estate Business PlanStart SmallResearch and Understand the MarketStay Informed and AdaptiveConsult ProfessionalsIt is important to keep in mind that accumulating money through real estate is a path that calls for perseverance, patience, and a dedication to education.

These single hit deals are what keep us in business and allow us to be around long enough to hit the occasional home runs.

I'd first focus on the plumbing business.

I intend to embark on a business venture which is high risk and high reward.

Commissioner, 74 T.C. 1134 (1980) (“The taxpayer’s intent at the time of the exchange is controlling and must be determined.”)Courts consider the following factors in assessing if the property was held for sale: (1) the nature and purpose of the acquisition of the property and the duration of the ownership; (2) the extent and nature of the taxpayer’s efforts to sell the property; (3) the number, extent, continuity and substantiality of the sales; (4) the extent of subdividing, developing, and advertising to increase sales; (5) the use of a business office for the sale of the property; (6) the character and degree of supervision or control exercised by the taxpayer over any representative selling the property; and (7) the time and effort the taxpayer habitually devoted to the sales.

For example, I heard you can use an SBA loan to put down on a property as long as you prove to the bank that you’re capable of paying it back, without using the business.

Gustavo Munoz Castro my business partner and I skip trace our entire direct mail list for phone numbers so we always have ample amounts of potential sellers to dial and gauge motivation.

Wholesaling is just like any other business you have to create systems and procedures to be able to be able to close deals consistently.