I heard an interesting conversation with a local Ford dealer about how lax credit is getting.

one got section 179 treatment day one when you bought something brand new... caveot  it was your trade and business and since I am 100% real estate I qualified.. passive investors did not.. worked pretty well to stimulate MS and LA economies back then.. most car dealers used it to build brand new dealerships in Jackson MS... doctors built themselves their own offices  it was a huge boon..

We do work with RIA's (and broker-dealers) once we're an approved alternative investment by their firm.

One was with me @ 1am one night when the cops pulled us over after collecting students rents & they thought I had to be a drug dealer with so much cash on me.

The lines are not very sharp and one can argue about the cutoffs but thats the way I look at it.Another way is to think about who would live in that neighborhoodA: Doctors, Lawyers, ExecutivesB: Nurses, salespeople, other white collarC: Truck Drivers, Retail Workers, Construction, other Blue CollarD: Welfare/Section 8/Drug dealers.

Chris,If you wholesale in your own name or even an LLC that is not taxed as corporation you run the very real risk of getting classified as a dealer by the IRS.

I can understand not wanting drug dealers, but why would you care if they smoke in there or not?

And it can save time vs. waiting on a dealer... depends on the parts;)

I'm proud of myself right now for not going all the way into this dealer end though It might be legit.

Is the lead drug dealer in the 50% and are any of the others his minnions?