business 101 lesson for our dear friend, dq...gather 'round.

here's how i make the country money on a real estate deal, dq. when i buy a home for re-sale, i pay a person to do the paperwork and legalities for me. if a realtor found it and turned me onto it, she gets paid something. then i get financing...expenses there all around. typically the home needs repair. i pay money to a crew to do the work. that's all out of my pocket, dq. now i've got to advertise the property some way. cost up front. i haven't made a dime, yet, you follow? market changes, neighborhood changes, jobs in the area, schools good or bad...all market forces that make any real estate investment risky. look at all the economic benefit me, john mccain 2008, has produced...and i haven't even made my profit (if there's one)!!!!!!!!!! then, if i've done my homework and i find a buyer, i have to put that person through a gauntlet of loan qualifying. and appraisals and credit reports and title work and on and on. until the day i finally get a check from the financial institution. notice, dq, how everybody in the entire process is getting paid but moi. notice that? yeah, all the people on one little real estate deal that wouldn't have been paid if not for my risk of capital. then, can i pay off all the debt accrued on this deal and hopefully turn a net profit. but, oh wait, now the gov'ment wants their chunk of 15% cap gain for doing absolutely sh*t, nothing, nada! so after all the expenses, the cap gain hit, i've got to profit something or why get up out of bed in the morning? any questions? Tweet