Comments on: Can Flipping Be Integrated Into A Prudent Purposeful Plan? http://www.bawldguy.com/can-flipping-be-integrated-into-a-prudent-purposeful-plan/ Real Estate Investing through Purposeful Planning Tue, 06 Jan 2009 19:40:50 +0000 http://wordpress.org/?v=2.0.11 by: BawldGuy http://www.bawldguy.com/can-flipping-be-integrated-into-a-prudent-purposeful-plan/#comment-9347 Thu, 10 Jul 2008 16:15:02 +0000 http://www.bawldguy.com/can-flipping-be-integrated-into-a-prudent-purposeful-plan/#comment-9347 Robert -- Thanks -- especially for mentioning Starker. Gives me a chance to tell the whole Starker family story, which is actually pretty interesting. Readers: A tease -- The Starker family's courage is why you and I don't hafta close tax deferred exchanges 'simultaneously' any more if we won't wanna. I spent about a decade having to close all properties on all sides of an exchange the same minute in time. Man, I DO NOT miss those days, no matter how many great stories came from them. Robert — Thanks — especially for mentioning Starker. Gives me a chance to tell the whole Starker family story, which is actually pretty interesting.

Readers: A tease — The Starker family’s courage is why you and I don’t hafta close tax deferred exchanges ’simultaneously’ any more if we won’t wanna. I spent about a decade having to close all properties on all sides of an exchange the same minute in time. Man, I DO NOT miss those days, no matter how many great stories came from them.

]]> by: Robert Coté http://www.bawldguy.com/can-flipping-be-integrated-into-a-prudent-purposeful-plan/#comment-9344 Thu, 10 Jul 2008 13:29:30 +0000 http://www.bawldguy.com/can-flipping-be-integrated-into-a-prudent-purposeful-plan/#comment-9344 You know I don't like pat answers or rules of thumb. In this biz there is always one more 'but' or 'also.' In that context I present the only thing you need to know about flipping: <b>Flippers make all their money at the time of purchase.</b> Just another of those 0th Laws. Thanks for the excellent advice about 1031 Starker exchanges, one of the very few rational tax policies left. You know I don’t like pat answers or rules of thumb. In this biz there is always one more ‘but’ or ‘also.’ In that context I present the only thing you need to know about flipping:
Flippers make all their money at the time of purchase.
Just another of those 0th Laws. Thanks for the excellent advice about 1031 Starker exchanges, one of the very few rational tax policies left.

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