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Updated over 7 years ago, 04/29/2017

Alex Shaughnessy's profile image
Alex Shaughnessy's profile image
Alex Shaughnessy
Pro Member
  • Real Estate Investor
  • from Spring Valley, California
  • Member since Jul 21, 2016
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User Stats

285
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98
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Alex Shaughnessy's profile image
Alex Shaughnessy's profile image
Alex Shaughnessy
Pro Member
  • Real Estate Investor
  • from Spring Valley, California
  • Member since Jul 21, 2016
Connect
Alex Shaughnessy
Pro Member
  • Real Estate Investor
  • Spring Valley, CA
98
Votes |
285
Posts
Rehabbing & House Flipping

flipping w/ a partner

Alex Shaughnessy
Pro Member
  • Real Estate Investor
  • Spring Valley, CA
Posted

It is my understanding flipping houses is taxed at ordinary income. If the house is held for one year then it is taxed lower. Is this true, and if so, would it make sense for my partner and I to flip the property, rent it out for a year, then sell? we are flipping though an LLC and this is assuming we don't need quick cash.

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