Thanks again Chris Mason for taking the time, that is extremely helpful knowledge for this new investor.Al Casino , also a very valid point.

They are a great resource for updates on state and Federal legislation, IRS and Treasury Rulings, and Court Decisions.The FEA has asked the Federal Trade Commission to govern QIs but the commission declined stating that burden of oversight exceeded the benefits.You are right, it is extremely important to choose a reliable QI.

The local govt has a history of corruption & overspending.Last time I was down the Hilton Coronado had shut down its casino.

Keeping in mind that any fund that gets established has rules as to how much of the fund has to be spent, where spent at, who invested, how much invested, and the fund registered with Dept. of Treasury via the IRS self certification form.

Purchase price: $482,000,000 Cash invested: $26,000,000 The Las Vegas property is a Hotel and Casino, Chicago is a 814 unit profile.

I also see Bob Rubin US former treasury secretary warned of the international reaction to the last QE was not good.

Buffet states 'Firms will include money that's waiting to be deployed, such as funds sitting in Treasury Bills, when charging management fees.

A principal residence does not qualify if it was purchased in a §1031 exchange within the previous five years.In essence, the Treasury has declared that if an owner lives in the residence long enough to meet the principal residence requirements, they may then convert the house into a property “held for investment†which can qualify for a §1031 exchange.

I personally was out there gathering information and documents regarding raw Oceanfront property (with permits in place for Hotel Casino and Resort), Acreage for agriculture development (Puerto Rico is blessed with very Fertile Soil), some shopping centers in urban areas and 2 private islands that a broker wants me to help him market here in the States.

A 5 year Treasury bill is yielding what, 2%?