Going and doing a first deal cold turkey with no knowledge is a good way to learn what not to do, but i think by first getting educated will help to eliminate the doubt one has, and also help eliminate the risks involved with the deal.

Have you been involved in real estate investing at all?

I am involved in several projects.

let me begin by thanking everyone involved and particapating in this website!

Primarily I'm involved in the finance sector of the business.Currently I'm doing mostly pre-foreclosure bail outs and high volume REO pools (straight to the banks and straight to the money).

So, if you had one account that had a bunch of stocks as well as a house, and there was a prohibited transaction involving the house, you would owe taxes and penalties on the stocks, too.I'm not a lawyer or an accountant, so your mileage may vary.

It seems like you've decided to share some articles that you've written and posted elsewhere on the net in your recent posts . . .As someone who seems to have a strong background (I can only assume from your article posts), it would be great is you were to get involved in some of the discussions going on here on BP.

Although my dad was involved in numerous real estate investments, nothing rubbed off on me except the desire to do it.

The county used a general footprint to calculate the house square footage.

Small ladderI found over the years that if I work with a plan, which involves looking at the whole house first, before doing anything, I've been able to do a complete "make ready" on a 2000 square foot house in just a few hours of work, instead of jumping right in and starting a mess before I've thought it out.Starting at the room farthest from the front door, and using your checklist inspect each wall, the floor, ceiling, baseboards and doors.