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That being said, Quickbooks is a pretty poor platform for the kind of inventory production accounting involved in flipping.

While I think it's cool to get involved in the process it gets a little too much about making money.

It wasn’t until after my first CCIM course that I realized how much I enjoyed investment real estate and the analysis that is involved.

From my limited understanding and searching around on google, it seems appraisals are mainly important when there is a loan of some sort involved.

Any one have any contacts there or know of another company involved?

I believe while this seems to be an issue in some areas a better way in all areas would be to use a Warranty Deed or if the is financing involved, a Special Warranty Deed subject to the existing financing.

Eric,ERISA Section 502(c)(2) calls for prohibited transaction penalties up up to 100% of the amount involved in the prohibited transaction, which, for something like this, would be the amount of money in the plan.

Michael Lauther Ah, yes, I can attest to the simplicity of raising a family in a 1000 square foot home with 1 bath.

Now thanks in part to all the complicated contracts and disclosures involved, many buyers/borrowers don't have a clue as to what they're signing, and hence the isues with mortgages!