Posted by: DariusBarazandeh
11/03/2003, 19:38:38
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They are not that I am aware of other than the tax implications of short term flips. You should be aware that if you hold serveral properties for a short term and then sell you will be considered a 'dealer' according to the IRS. The entity which you use to do your deals will be taxed accordingly. There are also some laws regarding disclosure such as lead based paint disclosure and other common disclosures. Contact the Texas Association of Realtors.
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