While I recognize that you are not a CPA and that what you write here is nothing more than your opinion and as such I should be getting the opinion of a CPA such as @Jim Kennedy or @Brandon Hall but how should a CPA be booking profits from flips if not as capital gains?

In talking to a lender recently, we recognized that because I closed in March 2009 I qualified for that FHA "streamline" or whatever it is called that allows me to refi with no appraisal and very little closing costs.

If you want strangers to trust you, be recognized on the internet as an authority.

That being said, Dun and Bradstreet wont recognize the transaction because it is between related parties.

Similar businesses-, you should recognize the address.

The only times I have the attorneys just send me the paperwork in advance is when I'm buying from a bank.While I might look at every sale as just a business transaction, I recognize that for my buyers it's a very personal and important occasion and as my customers they deserve for me to treat it as such.

I do recognize I could probably grow the business more quickly using leverage but I just don't have the appetite to go down that path.

Oddly enough the "money" was gone in a flash, but it took the bean-counters YEARS to recognize the theft (while the favored few enjoyed their playground without a clue).Of course when your accountant's name is MOSES, your *** is gonna be dragged at least 40 miles through some tough territory...http://www.newwest.net/topic/article/yellowstone_club_how_to_go_broke_on_375_million/C35/L35/Just another story of money returning to the vapor it was, nothing serious, a few might get slapped, but NOBODY IS GOING TO RECOVER VAPOR PAPER here or elsewhere.

I bought them because I recognized the opportunity they presented even though they didn't make much sense initially.

Once you are recognized at one who can do deals you will have a list of people looking to take your available properties.