Sean Tluchak is an excellent RE attorney.

As for me, I am rapidly approaching seventy years old and ten nicely cash flowing properties would provide and excellent retirement income.

Since there are no codified rules it seems to be up to each individual IRS agent that looks at your file.Regardless of whether you have to pay UBIT or not, if you flip a house in your 401K, I'll wager your returns will still kill those of mutual funds, CDs, or annuities.So to sum up:1. 401Ks escape UBIT when borrowing money.

Account Closed Excellent topic!

Sorry Sher,GRE should have been GRI and it stands for Graduate Realtor Institute, basically some extra course works and a few years experience to qualify.On the subject of Credit Unions, I meant Local to the Properties, not local to you.I have an excellent Credit Union in Rochester NY who writes all over the country but they won't do a flip.

My wife and I purchased our house about a year ago, and our realtor was excellent.

Sending emails doesn't lead to anything, they just simply ignore you, even though they were promoting to focus on providing "excellent customer service". 

Disregarding the fact that writing this information down is an excellent business practice, and just good common sense, are there any legal advantages to having things like this written down?

Two weeks ago I had, what I thought were, two excellent deals under contract.

Excellent post thank you very much!