The property you purchase will be a capital asset held as an investment and the income will be rental income which is not subject to self employment tax.

``This is a common-sense bill that eliminates the double whammy of someone losing their home to foreclosure and then facing an additional tax bill right when they're down on their knees anyway,'' said Representative Dennis Cardozo, a California Democrat who said he represents ``the foreclosure capital of the United States.''

There is an opportunity cost to having working capital tied up in a marginal performer.John Corey

So, recongize why you buy RE materials and then decide if there is a better way to apply the capital you have.

Biggest issue right now is understanding how to access capital and how to properly analyze properties.

Operating expenses include taxes, insurance, management, maintenance, utillities paid by the owner (including during vacancies), advertising, entity maintenance, legal fees, evictions, court costs, capital expenses (not technically an operating expense), damage done by tenants above the deposit, lawsuits, office supplies, etc, etc, etc.Mike

can someone please clarify exactly how to secure a property with my name on the title that i am investing in--i am providing the capital for rehab, we have a contract for sale to end buyer--i want to collateralize my capital with the property--there are no other liens on it-- how do i do this?

I would love to make a lot more but I dont have a lot of capital/credit for improvements.

I am interested in commercial property, and wholesaling property to build capital to invest.

This will be the only start up capital we will have is what we make off of this property.