Will,You seem to focus on the issues of wholesaling that would be completely trumped by defining wholesaling in the normal model, or as you put it, MY model.I find it interesting that you focus so much on those issues.

Sounds like you have clearly defined goals, that's the first step.

Definately not my cup of java.

Its definately a book at I would recommend as a general overview to finding the right mortgage, under standing mortagage options, finding an agent, finding the right house, looking at different investment concepts etc...It really isn't a get rich quick plan or a run your own REI company.

Hi once again.For the complete information of everybody (particularly to biggerpro and flipper), I have provided hereunder the conditions governing the right to own real estate (land and all buildings annexed to the land and all interests thereon) in the Philippines as defined by our Constitution and other pertinent statutes :1.Only Filipino citizens and corporations and partnerships at least 60% of the capital of which is owned by Filipinos are entitled to acquire and own land in the Philippines.2.As exemption to the general rule, foreign acquisition of real estate in the Philippines is allowed in the following cases:2.1Foreigners who acquired land before the effectivity of the 1935 Constitution may retain ownership of such land.2.2Foreigners may acquire land in the Philippines if the acquisition is by hereditary succession, provided they are legal heirs.2.3Foreigners may own not more than 40% of the total number of units in a condominium corporation.2.4Under BP 185, a natural born Filipino who became an alien can acquire not more than 1000 square meter urban land and not more than 1 hectare (10,000 square meters) rural land.3.A Filipina who marries a foreigner retains her Philippine citizenship (unless by her act of omission she is deemed under the law to have renounced her Philippine citizenship) and may therefore acquire landin the Philippines.4.Former Filipino citizens can retain ownership of the property acquired at the time of their Philippine citizenship.

1031 Exchange Holding Requirements for Like-Kind Replacement PropertyWhile the Department of the Treasury Regulations and numerous rulings make it very clear that you must have the intent to hold your property for rental, investment or use in a trade or business, they fail to define exactly how long you need to hold your relinquished or replacement property in order to qualify for a tax-deferred exchange pursuant to Section 1031 of the Internal Revenue Code or Section 1.1031 of the Treasury Regulations.Property Purchased Just Prior to 1031 Exchange If you purchased your relinquished property just before the 1031 exchange transaction, the Internal Revenue Service has routinely taken the position that you actually purchased the property for sale (inventory) rather than holding it for investment.

Good management is your first line of defense, then insurance, then some business entity but a business entity isn't necessary at all if you take care of the first two aspects.

Hi David,have you figured out what aspect of real estate investing you want to do?

It is a great place to meet new friends and learn about various aspects of real estate and more.

It just so happens that that real estate, while it can be a professional endeavor is also an area where people may engage in the practice of some aspects of real estate without very much of a formal education.