Getting confused on your purpose/mission and combining strategies can be dangerous and lead to bad decisions.

Ever hear about someone saying that they felt a tingle go down their spine telling them they were in danger?

OK, alleged felon.I bought a nine-unit complex a few months back and it came with some interesting residents. Many of them are good people who put up with an inattentive owner. The previous owner was in her eighties a...

(Ex: bare wood on house $15 per day, unsecured building $150 per day, refrigerator outside not on its back with doors off 200-250 per day because tipping danger with kids playing around could get stuck inside)However with administrative liens, most can be negotiated for pennies less admin costs as long property has been brought into compliance.  

So I did a back and forth via email with my CPA today after I read just more than enough to be dangerous about at loss rules.  

Flipping is a speed game, it's not too dangerous to project the sale price of a house 90 days out, but 3 years out is a gamble.

You want a pro with license and liability ins.This is dangerous work!!!

While I understand where Curt and David are coming from on the fee agreement, structuring the deal this way puts you dangerously close to being classified as a broker.As an investor, I have the same preferences as both Curt and David.  

This is a low middle class area and not dangerous. 

Yep, I've bought and sold a lot of motorcycles in the last few years and fewer and fewer sellers are willing to accept cashier's or certified checks because of the increased ability of people to produce fraudulent copies.