The EECU will let you have up to 2 financed rental properties which they will keep on their books, regardless of how many total loans you already have.

Further, the total of the deprecation you've taken (or you were allowed to take, if that's greater) becomes "unrecaptured depreciation" and you pay tax on that at a higher rate.

Having real, tangible assets makes me feel a whole lot better about the situation than relying on the stock market and a 401(k) to be useful.Speaking of podcasts, after listening to Podcast 14, I want to thank Ben Leybovich for the inspiration to aim high and be more specific and intentional in our business plan.

The floorplan is 31' square, 961 square feet total with 0 bedrooms and 1.5 bathrooms.

the second question is from a property detail report. it shows the lot value and improved value to show a total cost of the house by the tax assessor. then a little further down the report it mentions the tax and weather or not there is a homestead credit and whatnot

My current methods which consist of pre-negotiated short sales prior to hitting MLS are not able to meet the demands of my investors I'm simply not able to produce enough properties on a monthly basis.I stumbled upon these forums in my search - I learned about wholesaling (which I am totally unfamiliar with I might add) in hopes of learning another way / developing a new strategy in which to achieve this.

As to the second sentence, you totally lost me.

Bottom line for me is that it's totally not worth it.

I assume anything originating out of the country is a scam.Also, there is no way a foreigner with that amount of capitol will entrust a total stranger.

However, it is in your forum signature (which is totally cool) and it looks awesome (that is the new one, right!?)