flips are inventory and it goes to intent when you purchase.. even if U go over the one year threshold if the intent was to flip then its inventory and ordinary income.

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@Phillip Shafer  j Scott has a great book on rehabbing cost that u can buy through bigger pockets.

5 YRS OF MOWING FOR EXAMPLE, TAKE U TO COURT AND YOU COULD BE FORCED TO PAY FOR SERVICES RENDERED.

How did u get the 500k?

I went to college with him at Wichita State U and he's a good guy...I've been lucky enough he's let me shadow him in the past when he was getting started on his own and bounce things off of him over the years.  

it's good to know how it's done and how long it takes because when someone says "to paint this house takes 3 weeks", u can saybut yes, get the next house and give the work to whoever wants it.

Rather help then to move somewhere else.Business is business and friends will take advantage of u.

I even offered to provide U-HAUL trucks and drivers.What they didn't know is that I transferred all utilities into my name.

Account Closed can u plz share more info, i have a few investors