All Forum Posts by: Joel S.

 Cory, 

In order not to be labeled by the IRS as a Flipper you need a S Corporation. 

You don't want to be labeled as such, because If you do get labeled by them as flipper or wholesaler you'd loose the Tax Favored Capital Gains rate and pay ordinary income and self employed tax and all. 

one of the reasons Real Estate is attractive is for its tax favorite treatments by the IRS. 

attached is a link to Intuit tax forum discussing this very issue.

 https://ttlc.intuit.com/questions/2586637-i-invest...

 Greetings,

Does the rent roll appreciate?

Does the tax appreciate?

If Yes then the property appreciate too, and therefore you can appraise the Property higher and you can refinance your equity or most of it out. 

Your best bet is to ask a local appraiser or Local Banker how they appraise the property, They will do so based on rents. Therefore if your rents appreciates well enough based on your minor repairs, you are good to go. 

This was my experience in. 

everyone is different, at different times. The answer is you definently need a mentor however,  that mentor does not always have to be a paid mentor or program. It can be a deal your are trying to structure, a partner taking you for a ride, a seller you bump in or your own brain brainstorming. However  you learn allot from teachers, evenmore from your peers, and the most you will learn is by teaching  other and by practice

Hello and welcome, 

It sounds like you are a pro at raising capital, that would certainly make it allot easier for you to get into real estate.

@John Hickey

You didn't go wrong with investing in that neighborhood regardless. As far as where to invest now, I think just follow the trains so logical thinking is Jersey City.

I feel the NYC is ripe for a correction and Jersey city is on the way up. I can send some leads your way as I am there about twice a week and I am actually trying to put together a syndication for something bigger in jersey City,, I don't know yet what but I can feel it...

Hellow Chaim, 

Chabad? 

@John 

@John Hickey Hello I am Fellow new member  here, I was elated to see the words Bedford Lafayette, What a transformation that neighborhood went through....