LLC Taxation for FlippingSince you’re flipping the property in under 12 months, the IRS usually treats it as ordinary income because it’s considered a business activity, not a long-term investment.

However, if you start holding properties in an LLC, you don’t want to flip properties in the same LLC.

Here are five crucial tips to help you stay profitable and avoid costly mistakes:Buy Smart, Not Just Cheap – In today’s market, finding deep discounts is tough, but focusing on properties with value-add potential is key.

This property has been flipped, and rent exceeded the one percent rule.

I am from the Hagerstown, MD area and was looking at a few potential investment properties in Cumberland.

Having lived nearby for years, I thought I knew the area well.The house itself is stunning, and the property is beautifully landscaped—truly a dream home in many ways.

Make sure you get into a property than can support both options.

Which type of properties are you considering?

- the property is based in Garfield Heights - and that my property tax will be much higher.More details: https://brickbear.ai/share/deal/1/583

Hi Palak,Congrats on your first rental property!