Investment Info:Single-family residence fix & flip investment.

There are endless ways to save on taxes, so just ensure you are having these discussions with your CPA for the most tax advantageous year!

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

Investment Info:

Single-family residence buy & hold investment in Valdosta.

Purchase price: $75,000

Cash invested: $10,000

Sale price: $120,000

This is a 2 bedroom 1 bathroom single family de...

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

I'm not a fan of flipping simply because I hate paying taxes when I don't have to.

Investment Info:

Single-family residence buy & hold investment in Valdosta.

Purchase price: $75,000

Cash invested: $10,000

Sale price: $120,000

This is a 2 bedroom 1 bathroom single family de...

Hey All, I have a friend who needs help with rehabbing a property in Curtis Park Historic District in Denver. She's been stuck with the city process and wanted some advice about how to get her plans approved. Anyone h...

What is the order of events that I have to do as a flipper with the participation of wholesaler and hard money lender? And is what I wrote down below right or not?

1. Get Pre-Approval from Hard Money Lender.
2. Fi...