I have been seeing ideas for investing in a laundromat.

I did that, but its always better to have someone guide you to start something.

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

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

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.

Welcome to BP Frank and best of luck investing!

These figures are updated every Federal fiscal year which starts October 1. 

We are looking to make this post to start getting in contact with likeminded people in the areas of Calgary or Edmonton.To provide a little background, we purchased a half duplex 3 years ago in our hometown (Northern Ontario) at the age of 21.

I tell people all the time: if you can't find a quality PM in a market, don't invest in that market!

Also, if the property doesn’t cash flow or cash flows poorly as your summary indicates, coming up with a creative financing strategy that allows for greater cash flow doesn’t necessarily make it a good purchase or investment.