I stumbled upon BP through You Tube about 3 months ago and have been hooked ever since. { I do enjoy the ribbing between Josh and Brandon} Not sure if there are many BP folks way up here but it would sure be great to meet some like minded Rich Dad Poor Dad fans.

We plan to go to some local meetings soon to meet up with fellow local investors.

Have you gone to any local REIA meetings yet?

If there are any investor friendly realtors and property managers, I'd love to touch base and hopefully set up a day to meet. 

Research a market Target one market and 3-4 sub markets Visit the marketMeet with all professionals involved including: PM's, Brokers, Attorney if required, fellow investors in local BP or REIA meet up. 

Attending REI networking events really is the best way to meet fellow investors in the area.

After meeting with our attorney, he suggested that we split profits 70/30% for the first deal, 60/40% for the second, and 50/50% for all further deals regardless of the capital investments by members. 

Unfortunately the one we're going to sell hasn't been our primary for 10 years and the other one, which does meet the criteria, is a much better rental for us. 

Spending an hour with a CPA who understands your overall financial situations would be time well spent, but there are some general rules of thumb:If you hold the asset for less than one year, your profits are considered short term capital gains - which are taxed as ordinary income at your standard tax bracket rate. 

Know it's last minute but if anyone is around and wants to meet up to chat about the RE market here, feel free to PM me.