All Forum Posts by: Janice Burlingame

Joined today...thanks!

My hubby and I have owned our own plumbing co for 33 years.... but the expectations are getting old. Everything seems to be an emergency and folks seem to think we're sitting at home, waiting for their call! My husband was raised building houses with his dad....and I would like to flip a house. Having been in the plumbing business, we are very familiar with the current trends of kitchens and baths. If we don't or can't do it, we know the trades in the area who can. It's the money part.... I don't want to invest our own money-which would double the stress the first time around, and wondered if there are folks out that invest for a share of the profit. 

2nd Q we do have 2 rental properties and would like to get out of renting ....aside from living in them each for 3 years to avoid capital gains, or selling and reinvesting in other rentals, someone mentioned to me about opening an LLC to avoid capital gains.... possible?

Thanks!

JB