I plan correct that on the next deal I do.Thanks for your feedback

Chris Martin, Yes you are completely correct.

Is this bogus information or is he correct?

I bought several silver eagles last year around this time when the silver market corrected in the high $20s.

I just recalculated my number, you are right, my COC and cap rate were not correctly calculated.

There is a thread running now regarding 1031 exchange and somebody who is flipping in a company, and that's another consideration when flipping in your own name.As to the question in the original post: the accountants in this thread have given you the correct answer.

CORRECTION Book by FEBRUARY 24th, 2012 before 12:01 AM, not March.

I wish you the best of luck and again I am I glad to hear that your understanding of costs was not correct.

Am I correct?

Originally posted by Bryan Hancock:You should be able to take a loan for $50k or 50% of your 401(k) without penalty from my understanding.This is correct.