The tax shelter we all love called depreciation has no benefit inside the retirement account.I think it's smart to lend, wholesale, and flip with your retirement accounts.  

s largest industry, beating out other areas such as tourism and natural resources.Eric Tang, one of the condo customers, said he's looking to downsize, but also wants to make a smart financial move.When asked if he thinks condos are a good investment, he glanced at the line and said, "I hope so.

(These are all commercial loans, made out to LLC or Corp)Drake Bank (Used to work with Jeff Carter)Home Federal Bank ( Jason Madson, awesome banker, if the loan over 0.5M will take longer)Granite Community Bank (Jake, president's son, smart guy, low origination fees)Round Bank (Andy Klassen, low origination charges)Bridgewater Bank (Tom Johnson, the fastest banker that I love, my favorite, higher than normal origination charges though, 2.5 weeks to close a deal for him, have been working with Tom since 2006)Merchant Bank (sucked in 2007 at the day of closing they backed out of the deal, didn't follow their commitment and instead of financing 380k for me at closing financed only 120k, I had to borrow money from somebody else at a very high rate, just to keep my word).The funny thing is that the banker from Merchant Bank was my instructor at the University of St Thomas grad school, teaching me a banking class next year when she screwed me over the deal :)I know Jeff Carter from Merchants, he used to work at Drake Bank and financed many of my deals, and then moved to Merchants.

The entire Baldwin/Crenshaw area has been going through a gentrification for nearly 20 years; but now, I think thing are going to pop within the next 10 years.Listen to one of the Podcast with Allen Glass.

@Allan Glass @Jeremiah HilliardJeremiah, I think Allan is saying to focus less on rent roll and more on the actual return of the investment after exiting.  

Bam.The smart clients won't care if you know how to post to twitter or know the area, they want someone who's going to get them the best deal... re:  Master Negotiator.And, the same goes with listings.

Best book for kids and moneyRich Kid Smart Kidhttp://www.amazon.com/Rich-Dads-Kid-Smart-Financia...

For anyone doing any real volume of flipping (more than 1-2 per year, or even just 1 big dollar flip), a smart move is to work with your tax planner to turn the activity into a true business.  

If you keep a consistent $5k in reserves due to your estimates today, you'd be scrambling to come up with an extra $1,400 in the future.Hopefully, investors are smart enough to invest in the area where rent goes up as time goes...

You were smart to turn it around into a buy and hold.