Does anyone have experience, been to or know anyone who has been to the Blue Collar American Dream Conference?

If I had the very rare fortitude to save $100k (only 15% of Americans have $100k or more in savings) then I should be able to invest it any way I see fit.

Right now, it's a bunch of nitty-gritty accounting details that will probably cause more questions than answers from LPs without strong accounting backgrounds.At least it's better than a story from American Greed, but it is frustrating that the sponsor can't create a one or two page P&L statement, with comparisons to the pro-formas and explanations/solutions where it isn't meeting projections. 

There is a potential of an additional 3.8% Net Investment Income Tax(NIIT).Also apply State taxes into your calculation.If the asset is considered inventory(For flippers), there is no benefit of holding it for 1+ year and it will be considered ordinary income.Best of luck

American Vision Windows, 2240 W Broadway Rd, Mesa,AZ, My neighbor replaced her windows with them.

Owner's duties.(1)To protect the physical health and safety of the ordinary renter, an owner:(a)may not rent the premises unless they are safe, sanitary, and fit for human occupancy; and(b)shall:(i)maintain common areas of the residential rental unit in a sanitary and safe condition;(ii)maintain electrical systems, plumbing, heating, and hot and cold water;(iii)maintain any air conditioning system in an operable condition;(iv)maintain other appliances and facilities as specifically contracted in the rental agreement; and(v)for buildings containing more than two residential rental units, provide and maintain appropriate receptacles for garbage and other waste and arrange for its removal, except to the extent that the renter and owner otherwise agree.(2)Except as otherwise provided in the rental agreement, an owner shall provide the renter at least 24 hours prior notice of the owner's entry into the renter's residential rental unit.(3)(a)Before an owner accepts an application fee or any other payment from a prospective renter, the owner shall disclose in writing to the prospective renter:(i)a good faith estimate of:(A)the rent amount; and(B)the amount of each fixed, non-rent expense that is part of the rental agreement;(ii)the type of each use-based, non-rent expense that is part of the rental agreement;(iii)the day on which the residential rental unit is scheduled to be available;(iv)the criteria that the owner will consider in determining the prospective renter's eligibility as a renter in the residential rental unit, including criteria related to the prospective renter's criminal history, credit, income, employment, or rental history; and(v)the requirements and process for the prospective renter to recover money the prospective renter pays in relation to the residential rental unit, as described in Subsection (4).

@April Eilers The fix and flip won’t qualify for a 1031 and won’t be short term cap gains, it’ll be ordinary income.  

This property needed a full gut but nothing out of the ordinary, with comps in the area selling 350k+.

I use Kory at All American Pro. 

I would think the math should include your rehab down payment as show below:Purchase Price = Rehab down payment + offer amount balanceGain = Flip Sell - ( Rehab down payment + offer amount balance )Tax = ordinary Income tax rate if flip is held less than one year * Gain