![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/198161/small_1621432617-avatar-casebryan.jpg?twic=v1/output=image&v=2)
29 May 2015 | 15 replies
IRS makes determinations on a lot of things, but there are standards that apply even in the grey areas.I would love to argue a case against you if you were trying to prove that flipping one wholesale property constituted an active business.While the IRS could rule on anything they wish, I'm very confident that the 1-2 properties I mentioned is below the threshold that would be considered an "active business".
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/321598/small_1631105379-avatar-codys5.jpg?twic=v1/output=image&v=2)
3 June 2015 | 4 replies
To what extent that applies I don't know.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/241430/small_1694842361-avatar-jim103.jpg?twic=v1/output=image&v=2)
20 September 2017 | 17 replies
if you applied with major bank it takes forever..I have 600k equity..great income..775 score..and wanted 200k heloc and it took 6weeks..large banks with mortgages and helocs can be very frustrating with time, and it will only get worse with different guidelines in the future..good lick
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/241611/small_1621435611-avatar-uffda26.jpg?twic=v1/output=image&v=2)
29 May 2015 | 2 replies
Everyone has heard of the Federal Reserve "Stress Test" for large Wall Street banks, but many of the same principles apply to us as real estate investors.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/220745/small_1695075280-avatar-chaimkernkraut.jpg?twic=v1/output=image&v=2)
15 August 2017 | 14 replies
So i recommend looking into the state you are interested in and see how the laws apply.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/46590/small_1621408788-avatar-ss3966.jpg?twic=v1/output=image&v=2)
30 May 2015 | 2 replies
From reading many other threads, I understand the Do Not Call list does not apply as I am trying to buy something from them, and that topic has been covered in some depth in other threads.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/196712/small_1621432516-avatar-jssullivan.jpg?twic=v1/output=image&v=2)
2 June 2015 | 12 replies
But if you want clients to start hmm registering, applying for something or doing business with the website that would not do and probably will be some extra services at a cost from them.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/224746/small_1621434442-avatar-acetastic.jpg?twic=v1/output=image&v=2)
2 June 2015 | 10 replies
However, there is a "special allowance" that may apply in some circumstances.
31 May 2015 | 4 replies
After doing more research, I found that DORA states that a “Real estate broker” does not apply to any person acting personally acting as principal in acquiring or in negotiating to acquire any interest in real estate, or any person acting personally with respect to property owned or leased by that person....However, Article 1 of of the National Association of Realtors code of ethics states "Realtors®, when acting as principals in a real estate transaction, remain obligated by the duties imposed by the Code of Ethics." which includes all of the disclosure requirements.I found that the requirement to run all transactions thru the employing Brokerage comes from their rules that require them to monitor all transactions from employed brokers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/212660/small_1621433611-avatar-josuna74.jpg?twic=v1/output=image&v=2)
3 June 2015 | 15 replies
If someone were to apply this rule here in this market, the home would stay vacant for months on end and the holding costs would kill the investment.