The compounding power of the added time along with the ability to leverage real estate can create significant wealth.

I am knocking on doors of homes that are in preforeclosure and came upon a home that is abandoned and going to auction September 1st but I cannot locate the owners, which is obviously impeding my ability to even speak with them.

Your wholesale profit will be determined by your ability to find and negotiate killer deals.

Suffice to say, Attraction Marketing is based on your ability to have your potential clients come to you instead of you trying to find them.  

People locking up property to sell to make a fee but have no ability to actually buy are not buyers.I have no clue what your capabilities are just speaking in generalities.Were you trying to lock this up for a low junk fee or putting thousands non-refundable down if it doesn't close.

I broker some hard money that can do 100%, but you still need cash reserves and the ability to make the payments. 

@Jordan Solomon Your wholesale profit will be determined by your ability to find and negotiate killer deals.

The due-on-sale clause was added specifically to give banks the ability to call loans if a property is sold subject to. 

Long story short, two years ago i received a bill from Verizon stating that 4 cell phones have been opened under my name.

So, property management, construction, etc, and related expenses can be written off on your taxes; another nugget.In order for the IRS to recognize you as being in business your need to have the ability to link money to a source\an activity and once that is accomplished you can begin to write off expenses that are ordinary and required for your business.Now, I'm sure i am butchering the quote, but I think the just of it has been conveyed.Now, my question is, if my first business is land-lording and my 2nd business is, lets say flipping, or wholesaling, do I need to have separate everything; i.e. bank accounts, corps etc, following her logic, to apply her interpretation of the tax code correctly?