I assumed it was public knowledge not to hide it but perhaps limit future losses.....but then again, it might not be so bad of a hit, I wouldn't hold it, but he may be happy to.

While a closing agent is not required to tell you everything they know, they do need to answer questions that concern you, so just ask...In this case however, the seller was your mentor, so you had knowledge of how the guy operated, at least the types of transactions he used and seems to me that in itself should have been fair warning in dealing with him in the first place.

Were you to flip homes in your name only, you would not be allowed the two different tax treatments to my knowledge.

Hi Robert,I'm not an expert on land contracts or seller financing.

I want to put my RE knowledge and connections to work, and I have enough money in my retirement to get started, but I want to do it right.Again, feel free to point me to threads that have already dealt with this or help me learn to use the search tool better if these specific questions have already been answered.Thanks in advance,

I prefer single family/apartment since I'm beginner with little knowledge about REI.

Would love to grab some coffee or a beer and share some knowledge.

Instead of accusations tossed loosely and playing big shot why don't you figure out as an expert where there is presently over $40 million to be made in LA county at the present time and let your mind do some real and useful work, but I doubt you can figure it out.

John, though I am not an expert on the Dallas market, I doubt you will get homes for $30k that rent for $800.

Richard look up your local real estate investor association.If you go to work for a flipper to learn the business make sure you are not used and abused.Make sure they have completed a certain volume of deals and that they have the knowledge to give you.What investors do not want is to work with someone with no drive who wastes their time.If they will pay you a decent wage that is at least what you are making now or more,you hit it off from the start,etc. then you are on your way.Eventually you can partner with them on some deals when you save up some more cash and they will show you how to save and supplies and do quality repairs and upgrades in a fast manner.