The slogan 'Press On' has solved and always will solve the problems of the human race. -- Calvin Coolidge

I am referring to be a licensed dealer, etc.

I've been warned that doing too many buy/sell transactions may cause the IRS to designate me as a "real estate dealer," and force me to pay self-employment tax of 15.3% of the first $72,600 of income.

I send them all my business for my credit repair program for auto dealers.

The book is actually a collection of writings from Wallace Wattles, Bob Proctor, Charles Fillmore (of Unity fame) and many other greats from the human potential movement.

I guess my cynicism radar has been goo enough at picking up on agent talk (and "investor" talk too) that I don't even contact the ones that look suspiciously like agents.Heck on the "cars and trucks" section of CL you can eliminate "dealers" on your search.all cash

Again my formula for doing that is that you have to flip them as fast as humanly possible.

I had taxable income of over $120K last year and my AVERAGE tax rate was 11.7%, my marginal rate was 15%.If you do enough flips though you could end up bein classified as a "dealer" which I think then puts you into the category of having to pay Social Security/Medicare (15.3%) on top of your taxes.Don't do too many!

Don't fforget to be a human! 

Now where's the number for that yacht dealer?