- Classifieds Changes - To post in the classifieds sections you are now required to have a minimum of 5 posts.

Once you have reached enough posts (10) to post in the dealmaking or classifieds sections of the forums, you are welcome to tell us about your deals.Thanks for your understanding and welcome to the site.

http://www.biggerpockets.com/forumrules.htmlAdvertising is forbidden outside the Classifieds thread.

In essence it will be as you'll classify it as flipping your personal residence.

I had taxable income of over $120K last year and my AVERAGE tax rate was 11.7%, my marginal rate was 15%.If you do enough flips though you could end up bein classified as a "dealer" which I think then puts you into the category of having to pay Social Security/Medicare (15.3%) on top of your taxes.Don't do too many!

Check through the newspaper/classifieds and find out what houses in that area are renting for.

I think they would be NOT be classified as a rehab but they are kinda shabby, i cant see inside.

Try stuff like Craigslist or your local Classifieds too ...

To make matter worse, the property was classified as a passive investment, hence I could only use a portion of the negative cash flow to shield some of my annual tax (from working).

In some areas, once an individual or entity owns more than x properties, they are classified differently.