A Mcdonald's or a Chick Fil A trade at crazy cap rates such as a 4 to 5 cap.

The balance of this account should be zero a... 30000 30100 Capital Stock Equity Value of corporate stock 30100 30200 Owner Contribution Equity 30200 31400 Shareholder Distributions Equity Distributions paid to shareholders 31400 32000 Retained Earnings Equity Undistributed earnings of the business 32000 33000 Owner Distributions Equity 33000 34000 Sinking fund (adj) Equity 34000 35000 Payments from Insurance Equity 35000 47400 Rental Income Income Rents received 47400 47410 tentant expense Income 47410 47500 Late Fees Income 47500 50000 Cost of Goods Sold Cost of Goods Sold Costs of items purchased and then sold to customers 50000 State/Fed Taxes Expense Estimated Tax Payments 60000 Advertising and Promotion Expense Advertising, marketing, graphic design, and other promotional expenses 60000 60200 Automobile Expense Expense Fuel, oil, repairs, and other automobile maintenance for business autos 60200 60400 Bank Service Charges Expense Bank account service fees, bad check charges and other bank fees 60400 60500 Bad Debt Expense Rents lost 60500 60600 Tenant Refunds Expense 60600 61000 Business Licenses and Permits Expense Business licenses, permits, and other business-related fees 61000 61700 Computer and Internet Expenses Expense Computer supplies, off-the-shelf software, online fees, and other computer or internet related e... 61700 62400 Depreciation Expense Expense Depreciation on equipment, buildings and improvements 62400 62500 Dues and Subscriptions Expense Subscriptions and membership dues for civic, service, professional, trade organizations 62500 63300 Insurance Expense Expense Insurance expenses 63300 63400 Interest Expense Expense Interest payments on business loans, credit card balances, or other business debt 63400 64000 Credit-screening tenants Expense RHOL 64000 64100 Management Fees Expense Fees paid to outside company for property management 64100 64300 Meals and Entertainment Expense Business meals and entertainment expenses, including travel-related meals (may have limited dedu... 64300 64300 Meals and Entertainment:64310 mileage Expense Mileage 64310 64700 Miscellaneous Expense Expense Miscellaneous expenses not categorized elsewhere.

So, if your personal credit sucks, you sort of get a 2nd chance - just don't screw THAT one up, too.In that case, the sooner you start, the sooner your business can graduate from Net-30 and trade lines to actual credit cards and lines of credit.

I'm sorry you suffered with dyslexia and your son suffers from that also.You would probably be as successful in day trading or some other kind of numbers oriented business as you are in the flipping businessThe real estate business is much like financial planning, helping people feel comfortable with Investments and insurance; REI is definitely a people business and not a numbers businessI cannot feel not a little bit uncomfortable with your arrogant attitudeGood luck in your flipping business

When determining the 750 hour requirement, only real estate trades or businesses are considered. 

I have no one I can accurately talk to this about in person because no one I know is a REI, and they say "take advice only from someone you would trade places with."

I have no one I can accurately talk to this about in person because no one I know is a REI, and they say "take advice only from someone you would trade places with."

The interest rate on my car is 8% (mine was totaled in the accident....unfortunately I can't trade it for a beater...my job is almost 50 miles away....so 3 hours in traffic and 100 miles a day requires a newer car that won't give out on me....another reason I want to get into RE heavily to get out of the rat race, lol)The credit cards and emergency fund can be paid easily....and still have a good amount left over to use for business purposes.

Hey @Ganzorig Sharav, Based on the general scope of work and, that all the mechanical trades are involved.

I recently earned my Real Estate license, signed on with Trade Winds Realty, and joined the Pinellas Realtor® Organization (PRO).