Ricane Enterprises, 884 S.W.2d 763, 769 (Tex. 1994).

The situation: Recently moved back to where I was born and raised (Vallejo, CA/Bay Area) and after several interviews I'm needing to decide between a few job offers:1-Enterprise Rent-A-Car (Mgmt Trainee)2-Sequoia Equities (Apt Leasing Consultant)3-Redfin (Sales support)The dilemma: I do have an interest in REI, would love to be able to coordinate some flips as well as delve into buy and hold Multifamily opportunities (which is where prop mgmt comes into play).

I really don't think they are "misconceptions" by NEWER INVESTORS"  I think they are misdirected thoughts by the establishment PL...the NEW breed that has basically taken over the PL Enterprise...after 2007...  

Hi,I am new in this field. However, I been in construction, sub-contractor, in particular, flooring and remodeling for 16 years. Looking to transition from physical labor and earned income to more of the passive incom...

When you sell a rental property at some point in the future (at least a year out), this is not viewed as a flip transaction, but rather just a reallocation of the IRA from holding passive real estate to holding cash.Your example of buy, fix, rent for 3 months, then sell would likely be viewed as a flip, especially if you repeated this pattern with multiple properties.The IRS does not define a "flip" in clear terms, but has a full set of measures they would apply to real estate transactions to determine whether something is a passive investment or a trade or business activity similar to competing commercial enterprises.  

Carter enterprises, LLC so he might be holding some real estate in that LLC too.

There are a lot of LLC on the list.church's, holdings co ,trusts, IRA, property management co, LLC, banks, Enterprises, equities, ect.What ones of the above would you mail to ?

First off, congrats for being so enterprising so young.

This means I will be moving to Enterprise, Alabama in January 2019 for about 18 months for flight school.

Investment Info:Single-family residence fix & flip investment in Enterprise.