Such expenses can include travel to and from a property, out of pocket costs to make a property to look presentable and any cost to a broker to maintain a license.Since she is considered self-employed - she may be eligible to put a large portion of her earnings towards a retirement account.Since you plan to acquire more properties - you should make sure the depreciation is calculated correctly.

There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."

As we uncover more information about loans, we find that maybe the income doesn't fit (peg 1) and the borrower only has 1 year self employment (peg 2) and maybe they have some credit challenges (peg 3) and on and on. 

My relentless drive to self educate has been going strong ever since.

Subject to income taxes as well as self employment tax.I highly recommend consulting with an accountant. 

not to slow down your enthusiasm.. however wholesaler is an advanced strategy and is pretty darn tough for some one just beginning.also many parts of the country its not like 10 years ago.. deals are scarce and competition fierce..just be careful not to put your self in a hole thinking this  is as easy as sending out a few thousand mail pieces..  

Hello BP forums, I am very new to this game and i'm in the works of making my first deal ( Im looking for a 3-4 unit multifamily house.) my question is about the payment on your mortgage. should you rely on the tenant's rent in order to pay the mortgage or should you be able to fund the whole thing your self form other sources. 

I'm a little nervous as a new investor however, I know that finding a good real estate agent, knowledgeable in investing and great with newbies, would be of great assistance.

To become a Qualified Opportunity Fund, an eligible taxpayer self certifies.

I've also seen self-test kits but haven't tried them.I have only dealt with this in a small area like a bathroom with poor air circulation.