Starting Out
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 15 years ago on . Most recent reply

Few Questions
Ok so my divorce is near done and I have about $ 100,000 after the agreement Nd I have selected the area that I wish to start investing in . I have read and listened to the weekend millionaire program which advocates a buy and hold philosophy which is fine , though I do want to do some flips. My questions are as follows .
1. Should I form a corporation?
2. Should I Get business Cards?
3. If I flip a property that my corporation owns do I still have to pay taxes on that as though it were income to me , or can I just put that in as icome along with rentals etc etc?
Most Popular Reply
Jim, Josh is right, there is a lot more to becoming a real estate investor than a weekend course could give you.
I like Will's (Nationwide) steps listed here
http://www.nationwidepropertyinvestments.com/9StepstoInvesting
Josh or Jon if posting this link is a violation of this sites rules please remove.
The main thing on the list and most important is become educated. After reading numerous books I would say the minimum you should have read is
1. Real Estate Investing
2. Flipping
3. RE Tax Deduction
4. Land Lord Laws
5. Contract formation and clauses, deal negotiation, and marketing RE.
This forums is free and has many knowledgeable people that can answer any questions you have after reading and talking to people regarding your strategy in RE investing.