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Updated over 6 years ago, 06/13/2018

User Stats

39
Posts
11
Votes
Mike Stadel
  • Flipper/Rehabber
  • Rapid City, SD
11
Votes |
39
Posts

Are you licensed is it necessary

Mike Stadel
  • Flipper/Rehabber
  • Rapid City, SD
Posted
So I went to my accountant to ask how I would be taxed when I finish my first flip and he went off on a tangent and is telling me I should be licensed to flip houses. So that brings me to my questions... How many of you are licensed to flip houses, is it necessary and what kind of licenses should one have? I’m strongly considering quitting my job of 20yrs and doing this full time as I am very pleased with the results and how this first flip went.

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