What your relative describes would be equivalent to someone who owns a show store paying tax on the gross price of the shoes, rather than on their profits.In addition to deducting any costs for either the purchase or sale transaction, you should be able to deduct a lot of other things, too.

There are now only 4 members on BP with this milestone and it seems like just yesterday I was just joining this site, not knowing what was in store for me or how much fun I would have over the course of the following years.

I really miss LT:( There are lenders who fund, warehouse, and service the loans themselves.

That way, when someone sees you at the store, a restaurant, or out and about, they'll remember who you are.People have done it for a long time because it works.

The box stores have some generic but pleasing to most designs in stock, which mimic the granite and marble look everyone wants these days.

It is the same thing as giving money to people who walk into a store, rather than selling to them.

I fear for my wife shopping after 8:00 PM, someone is always asking us for money when we go to the store or buy gas.

I own two commercial properties free & clear of mortgages (Office warehouses) (Both are leased out) My question is has anyone ever used there paid off properties as collateral to buy other properties.

Have employees, operations, offices, warehouses, etc. outside CA.

I know rehabbers who buy all in bulk and then store their stuff in warehouses.