We understand that in order for a manufactured housing retailer or sales person to trigger this example of offering or negotiating, the retailer or salesperson must act as a result of a duty to a financing source or the retailer or salesperson acts in order to receive an incentive from the financing source.

That and buy and holders are usually of a different personality type than flippers so they don't just pull a trigger as fast.

I have a few other properties, but those are all partnerships that I inherited.

I'll certainly share my blunders once I start to pull the trigger - hopefully by early next year.Best Regards,-Dmitri

Think of it as a really big deductible before your 'insurance' kicks in.This works well if you have a large number of properties spread over a large geographical area.Now, the really neat magic happens when your insurance pool gets large enough to start funding your investment purchases.I'm curious, how many here are going it alone and how many are in some kind of partnership or other pooled structure?

You hold it in a limited partnership or LLC taxed as a partnership.

Probably it is a partnership or estate that subdivided as a settlement.

Art Wolfskill,No, you do not send it in with the 1065 for the partnership.

It seems that the overabundance of the keywords "holesale" and "holesaling" (yes, I deliberately misspelled them in order not to trigger the alerts...) come from the new member forums.

." - Jim RohnThe only way I was able to get into the rental game (1 house) was:1) small inheritance from grandmother used as down payment2) on a cheap foreclosure in decent shape ($49,000) and having3) a partnership with my Dad to equally split Rev and ExpHonestly, it's worked out great.