If you know buffets history of inside trading while at Goldman Sachs and his crony capitalist relationship with heads of state you may want to rethink that whole honor and integrity thing

The gains go back into the IRA or 401k, and in the case of flipping houses - which is considered a trade or business activity - there is a tax implication on the profits from the flip through UBTI (look it up).  

. -- Don’t just be a “jack-of-all-trades" Even though I am. 5.

I was so "into it" that I registered and started an investment club - the Boise Stock Exchange, where I taught my techniques to others (for free - it was a meetup group).I was met with skepticism from other traders, simply because they had; never traded futures, had heard horror stories about trading futures, knew nothing about how to trade futures, and could not fathom the amount of risk I was taking or the leverage ratio I was employing.  

Too many times we jack of all trades tend to take on more than we should and it turns in to more lost time.

This week I went to the Apartment Owners Association trade show and networking event.

He is a general contractor by trade.

I know unquestioningly that I could very easily began marketing my services as a professional painter and, despite the fact that there are tonnes of painting contractors in my area I can ply my trade and build wealth.  

Is there a trade off?

Making sure the buyer has the ability to buy is a great first step.When working with a potential investor after making sure they have the ability to buy I make sure their expectations are in line with the market.For instance if homes in an area are trading for 50-60k you don't want to work with an investor who is looking to by those homes for 30k.