But along with Real Estate you must have side businesses inorder to get tax benefits/advantages.

See: http://carnivalofrealestateinvesting.com/We're hosting next week, so make sure to submit only your best posts, as I've been renound to be a stickler for outstanding content that benefits consumers!

It would be to your benefit to learn how to do this simple replacement job.

While doing the walkthrough, talk about the benefits the end buyer will get from buying the property.

One truism shared was that conventional lenders cap seller concessions to 2% for investment property transactions (there are non-prime lenders that will allow for up to 6%, but you will be paying a higher interest rate for this benefit).

If you are looking at a deal where you don't have bring anything to the deal and are going to reap all of these great and wonderful benefits, then research it further because chances are something is not right.Learn all you can about everything you can and most importantly, just use your head.My $.02 for what it's worth.

Only if you have the right amount of money you can get the best benefits in taxes.

So, no, there are no tax benefits to giving the profit to yourself through an LLC.Now in some instances you may need a separate entity to do the work (i.e. federal grant programs; but you can't legally make a profit from those either).

There's also a huge tax benefit.

With this cushion, we roll in ALL closing costs, construction interest reserve which gives you the benefit of making no payments during construction, and also a $10,000 home equity line of credit that you have full access to at completion in case of any potential negative cash flow from renting or temporary vacancy before it sells or rents.