We have always said we will run our business, as much as possible, as if it's 10x the size it currently is.

Whether you’re considering house hacking, turnkey, or multifamily, there’s so much opportunity to explore.Feel free to reach out if you’d like to connect or bounce around ideas.

However, you can reduce tax liability by:Converting the flip into a rental for at least a year, allowing for depreciation and potential 1031 exchange benefits when selling.Offsetting gains with deductions, such as accelerating business expenses or using cost segregation for rentals.Using an S-Corp for future flips to lower self-employment taxes while keeping rentals in an LLC for liability protection.Deferring deductions to 2025 if your 2024 taxable income is high.While a 1031 exchange isn’t an option for flips, strategic tax planning can help minimize taxes.This post does not create a CPA-Client relationship.

I have noticed competitors charge as low as 10 to 15% but their quality isn't the best and then I have seen others charge 25 to 30% We remain in the middle and provide a small business experience with super host status.

Zillow lost so much money that they decided to exit the flipping business, while most of the OpenDoor properties we see in Las Vegas are sold at a loss.In my experience, software can only go so far when humans are involved.

We want to move projects forward just as badly as you do as it is the only way we make a profit in this business. 

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

Real estate loans to owner occupied properties where the business of the owner is closed down - or SHOULD be, and the owner needs some time to sell the property.  

It has a Walmart, Lowe’s, Home Depot, Applebees, and a 99 Restaurant which is a New England chain as well as tons of other businesses and restaurants.

That will give you a good idea on how your property will do.