You can buy a used refrigerator for $300 from facebook yardsale pages or a local used dealer. 

I am in the process of setting up my business entity and have worries about being labeled a "dealer" after I begin assignments.

Another thing is if you use an LLC, it would seem you are a "Dealer" and not an "Investor".2.

There is legally 15% of start up expenses that you get hit with up front that they don't have to show as a reduction of capital on your statement. (7% Broker Dealer fee, 3% referral commission, 1% organization fee, etc, etc. 

If you choose, you can elect to have it taxed as a corporation going forward.It hasn't been discussed yet, but as a flipper you (meaning the entity doing the flips) are considered to be a "dealer". 

Flips will ultimately get you classified as a dealer or business and operating business income in an IRA or 401k will be subject to UBTI.

If your interested in investing in Rochester NY this week we are having a meet up at Johnny's Irish Pub on Culver Wednesday night at 7 and Thursday at 7 we are having a www.FFREIA.com meeting at the Brighton Town Hall if you'd like to meet like minded investors. 

The realtor forgot to mention that the block I was buying on was the problem drug dealer block of the small city.

We sold for the Lancair and Columbia factory as a new dealer, delivered about 35% of their fleet until Cessna took over in 08, used to take new aircraft from Bend to Greensboro in one stop.

I am also a cabinet dealer for a Canadian Manufacturer as well as have several accounts set up for materials needed for renovations (at wholesale prices).