It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

All offers included more $5,130 fees to Lendbase, over the $6,000 already paid!

He said that typically in flip deals its around 30-40% down but if construction was included it would be about 30%. 

Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.

Many local businesses that operate in the downtown area by the state park (including some famous attractions) close for the winter or reduce hours.

Exceptions include delays caused by factors outside the Subcontractor’s control (e.g., weather, material delays).5.

@Melody RaultA lot of specialized tax firms, including mine, serve clients nationwide, using technology.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Additionally, the estimate for my tax preparation for this year was approximately $1,000 over the cost I paid last year (including the time I paid for them to correct their errors).

If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.