Everything Else

This morning I put ghost ads on Craigslist and already 2 of them have been flagged. I used the list of sample ads posted on the site but I don't recall who had them posted. I know that I didn't feel great about posting them because they are so vague and no pics.

What has been others experience from using the ghost ads?

Thanks

Fall Real Estate Investing

just curious typically activities slow down for winter but does it fall for fall season?

I just joined Insider Elite a couple of days ago and immediately was taken to the page upon completion of purchase. Today I clicked on the tab at the top of the site page but the only thing there is the information I went through to sign up to be a member. I don't know how to get into the actual Insider Elite section. Please tell me how I get back into the insider elite pages again.

Thanks

Hi all my real estate buddies...i haven't been here in a while.

I was hoping one of you can help a friend of mine who is looking for a place to live. She is going through some tough times right now and needs a new start. If any of you know of an inexpensive rental, she is looking to move to a new area so any place works! Please message me if you have or know of something! Thank you!

Title Company Questionaire?

Can anyone point me to the resources either here or in Insider Elite what to ask the title companies?

Or the questions you ask them?

It's Sunday afternoon and you have to be accountable for what you did or did NOT do this week and today.

My guess is you are watching TV, sports, movies,texting/emailing or social media or maybe just taking it easy.

Did you go to church today?

Did you put in Any offers this past week?

Did you search and research Any deals? or Look at any?

Did you contact any buyers or send out letters?

Attend REI meeting?

Tell us What you DID do and how it's going.

You Have to take ACTION in order to make a deal.

NETWORK with other REI's

It is August 2014- When did YOU start and where are you now?

CHANGE YOUR LIFE and take control!

You can Start holding yourself accountable by starting YOUR journal here on DG and All the DG family will check in and keep you going.

Ok DGers I've got some owners playing hide and seek and they are winning, need to find.....
Did court house they are not at address, neighbors not sure, thinking skip tracers next but im hoping someone has a trick.

Aaron

I'm a Baltimore, Maryland REI looking to do some bird dogging. If you need help looking for properties in Baltimore and surrounding areas please PM me.

Thanks

A while back I attended a seminar held by the Baltimore REIA regarding tips and how-to's for filing taxes as an investor. I actually purchased the Goldmine Tax Manual and was really impressed with all the information that was given.

One of the tips was that we shouldn't put assignment deals on the IRS Schedule C. Instead assignment deals should be put on Form4797 and reported as ordinary income on page 1 of that form, Part II "Ordinary Gains and Losses". We were advised that using Schedule C is a direct admission that we operate as a "dealer" rather than an "investor". It was also suggested that we list occupation as "Property Manager" at the bottom of the 1040 because managing is akin to rental (investor) as opposed to selling (dealer).

I am really confused about at what point I have a completed the wholesale deal. There seems to be different opinions depending on which investors I speak with.

Some say that once I get the all the required contracts signed by the seller and the end buyer and turn it all into the title company, I have completed the deal and just need to get my check from the title company.

Others say that as the wholesaler I'm expected to line up financial lending if needed for the end buyer, find contractors, insurance and more on behalf of the end buyer.

Which is correct? I always thought that the end buyer would already have his/her team in place just as me, the wholesaler has my team in place. How can the wholesaler get funding lined up for another person? Or insurance?