If not, repeat step 7.8) IF your sponsorship form was processed before you took your test, you're IMMEDIATELY an active agentagent with your broker.9) If not, you'll have to go online and change your broker through the TREC website.

The plan would be to sell the side we are living in after 24 months to avoid capital gains taxes...then rinse and repeat in a different high rent area.Any advice from the many wise members here is greatly appreciated...Thanks a lot!

How would one search tax records, what would you look for, and where would you go to search them.I am trying to find repeatable end buyersThanks for any infoSteven - Utah

If the S-Corp has frequent and significant passive income, such as capital gains or rental income, the S-Corp status can be revoked by the IRS and you become subject to all the C-Corp regulations as above.I'd own the properties as yourself - no sole proprietorship required, because it will be on a Schedule E, not a schedule C.  

Then repeat the process, always re-investing profits, and your portfolio will grow, slow and steady.Todd

Yes it is common here as people's basements frequently flood during rainstorms.

I also invested with Charles Flynn..just saw these posts and would like to talk to anyone else..I have repeatedly tried to reach Mr Flynn..no response. jane groner, mill valley, am on linkedin also

Rinse and repeat!

Rinse, repeat.

I came to join BP after listening to the podcast (on repeat), and just love what Josh and Brandon are doing there.I'm not totally inexperienced in owning a rental, but consider myself to be a beginner.