The IRS defines prohibited transactions fairly well.

We asked them to "define flipping" as I could rehab and resell and flip in 45 days and the negotiator for WF said, "We don't care what you do with the property once you take title"Now, that does't mean they will remove the language from their approval.

I started as an investor, and ended up being a full time real estate agent as well so I have definately been on both sides!

For example, how do you define net profit?

Since they cannot define what exactly constitutes fraud, then how CORE LOGIC came up with the numbers it did is a mystery.

We're definately learning a lot.Where in TX are you?

How do we define it?

I think its very good you are in direct contact with the guy, not something to be concerned about, definately a plus.

It is definately handy and would be perfect to put on signs for people to see, or to give to a female/male you're not sure if you want to see again or not :D

The end result would mean kids would all have a better chance at a real education.Also the curriculum that are mandated often emphasizes a broad education over a quality education.