I understand the poor very well, since I was charged with oversight of over 1200 public housing units as a commissioner, a very active commissioner at that!

I might be wrong here (I'm also a Realtor so I get the exception already) but if you are actively involved in the management of your properties, defined by some level of effort maybe 500 hours a year, then you too are exempt from the passive losses limit--essentially because they are not passive, they are from something in which you are actively engaged.If you do your own property management, fix-it stuff, and finances, you are probably exempt from the $25,000 / yr limit.

I work with a lot of investors--and as we all know, active investors are alway looking for new money and programs.

This thread is over 7 years old Corey Fishbein...you may want to start a new thread or look for more recent ones if you are looking for local investors that are active BP members.

Why would you screw up the assessed tax for a 1031 exchange.

You know I was thinking about this just earlier today...Here in the Dayton market there are a lot of distressed sales that happen every day (there is a lot of foreclosure activity).

Not only do they make money working the land, but also buy charging people to do things like run around in corn mazes and the like.I was just curious what other activities people create for this "agritourism"?

I see not much activities in six months or 3 years -- Cash Flow is monthly payments receievd against promise to pay or contract -This could be like an Owner Financed Mortgage Note when he / she sold the house and carried back a mortgage.

I am the son of the business and I've handle all the daily activity for the last 9 years - Dad rejects any change and I am just about ready to give up.(4 full time employees for 500 units).

If you are good enough to make 5K a month wholesaling...what I call the "short money"...you're missing the bigger picture of the real estate business.The long money...the continue cash flow from owning a free and clear rental property whose rents continue rise with inflation...is the big payoff of real estate.Let's get real...if you find properties others are willing to pay you cash for...you just sold away a lot of expertise and effort for pennies on the dollar.Get in this business for real and quit chasing the "fast but short buck".Or at the very least, stop calling it "investing"...Take some words of wisdom from Warren Buffet:We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'