Because ordinary income tax for a flipped burger or a flipped house is a lot of cheese (I'm so amused with myself) compared to paying capital gains tax rate.Believe me, if McDonalds could do 1031s they would. 

All the homes are set up for people that come to Disney the other amusement parks and Convention centers in Orlando.

This is numbers I am used to (all variables as same as possible so lets assume renovated, well stocked and furnished with a pool 5 mins from beach):3 Bedroom = $80k average purchase price $550k4 Bedroom = $130k average purchase price $700k5/6 Bedroom = $180k average purchase price $850kHope that makes sense and helps in some way

I've been reading the 4-hour work week and it talks about building a 'Muse', a system that passively generates income for you (usually in the form of a product that can be easily/quickly manufactured).

I am using the platform propstream to assist in my deal analysis, however in doing so I am confused as to why would a property be listed more than what it is actually valued at prior to a rehab being conducted. for example this property is listed for 70,000 but the arv is calculated at being 66,000 but the comps that i ran that sold within the last 6 months had purchase prices of 165,000/ 30,000 / 28,000 / 25,000. and the square footage of the comps are 1,500/ 1,494/ 1,218/ 1,424.

What is the best way to go about making sure the lease agreement that I am using is not breaking any laws in my area?

It is amusing to follow how my words being interpreted.

The bank manager thoughtit amusing enough to have it published in the New YorkTimes.

I know Phill personally so it is amusing to me that he is getting painted with the same broad-stroke "guru" brush I was painted with when I first got on the site by some of our not-so-tactful posters.

The oldest was a closed account, so I chose this one.I am quite amused by this post, made 9 years ago.