Such entity in the ordinary course of its business must be engaged directly in real estate management or development activities.2) Expenses related to the real estate will be paid by the corporation.3) The real estate will not be used for personal use.4) There may be periods of time when the 50% test described in 1(a) above is not satisfied.

As stated, stick to the ordinary before turning to the extraordinary.Bill that makes me thing somewhere out there is likely a funny chicken and a mortgage joke for some reason.

It's all considered ordinary income, subjectto the tax rate the individual is in, plus self-employment tax.

Remember you make your money when you buy so using out of the ordinary practices to find your flips will pay off.

In my book, if you're paying ordinary income tax on your real estate profits you might as well be working a job.

Any profit on the sale of your spec homes is ordinary business income subject to self-employment income taxes as well.  

To figure how to combine what I've learned, my money, OPM, my time and attention, to create value beyond the ordinary.

It is subject to ordinary income tax rates.

XXIX.MAINTENANCE: Notwithstanding the provisions between Effective Date and Closing Date, all personal property on the premises and real property, including lawn, shrubbery and pool, if any, shall be maintained by Seller in the condition they existed as of Effective Date, ordinary wear and tear excepted, and Buyer or Buyer's designee will be permitted access for inspection prior to closing in order to confirm compliance with this standard.

Would most ordinary home buyers know what that means?