Originating notes and tax burden

[Patrick Sears]

Hello, Anyone selling/flipping homes on owner-carry as a dealer? No landlord headaches vs holding for appreciation, but wow-the short-term capital gains (ordinary income rate) plpus the self-employment tax b.s. really reduces your profit. Anyone have experience as a business owner who regulary sells inventory product to the public in how to deal with handing so much of your hard-earned money to Uncle Sam? Thanks

[Jay Hinrichs]

sure you simply have to make a lot of money.. either choose the tenant pain and the writeoffs that go with it or choose write on s and live with the income and tax burden.

you can always buy a plane that will shelter a bunch of income.  As long as you use it for your business

also heavy equipment  like a back hoe dump truck  loader etc.. 

invest in a business that needs these things.. like I am looking a PODS franchise you have to buy 500k worth of pods that would be a write off.  etc etc.