As far as we were able to find out, there aren't any active clubs around.

In fact, I'd bet that the number is probably less than 40%.Most American millionaires (those with a net worth of more than $1,000,000) are "self made".

I'll bet if the "disclosure" during the ending credits told the whole truth both of these crews ended up losing money!

The wholesaler is the person who actively has the property under contract, owns it, etc.

Money is my initial problem in a real estate investing business and hearing a part of the cd of Almost 101 Cash Flow Strategies Real Estate Course made me think twice of what I am doing with my present activities.

In some thread someone suggested that a bank wouldn't necessarily check up on your activities or intentions.

I know, I'll actually contact a qualified CPA and a tax attorney to see how it applies to my particular situation, but I'm also just curious about this in general.Disclaimer: I'm not a lawyer, nor a CPA.My understanding is like this:Yes, the taxable loss can offset earned income, if you can be considered "active" in your investment.

I've been active in investing for about a year and a half now.

Some of the information that Califronia MLS offers is exclusive to MLS listings and can be very valuable to real estate investors.I'm a Licensed California Broker and could help an active Real Estate investor in Southern California market.

If ya want to slam people about REI, maybe you should be an active investor yourself, wouldn't you agree?