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Updated about 9 years ago,

Glenn McCrorey's profile image
Glenn McCrorey's profile image
Glenn McCrorey
Pro Member
  • Investor
  • from Cedar Rapids, Iowa
  • Member since Jan 1, 2013
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Glenn McCrorey's profile image
Glenn McCrorey's profile image
Glenn McCrorey
Pro Member
  • Investor
  • from Cedar Rapids, Iowa
  • Member since Jan 1, 2013
Connect
Glenn McCrorey
Pro Member
  • Investor
  • Cedar Rapids, IA
407
Votes |
494
Posts
Buying & Selling Real Estate

What do Flippers do with the profits?

Glenn McCrorey
Pro Member
  • Investor
  • Cedar Rapids, IA
Posted

When I watch TV shows about flipping houses and the big profits they make, I wonder if they are paying taxes as the go, or using 1031 exchanges on every one.  My wife is a realtor and about half of what she makes goes towards taxes which she pays quarterly.  Just curious so thought I would ask the BP flippers.

  • Glenn McCrorey
  • Podcast Guest on Show #110
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