Those taxes accrue at 18%. 

I've been accruing some rentals over the last couple of years in the area, but I'm currently getting my feet wet with my first flip!

Interest can stop accruing as a function of law.  

However; in the market we have, I think that's the only place where there may still be some potential, and finding someone that has the experience saves time and money in the long run.Jackie Patterson Our of curiosity, why don't you work California?

I guess basic curiosity and the desire to learn from others inspired me to lock for a forum with the type of information needed to take this adventure.

Out of curiosity, what are the risks of doing it personally? 

Hello Everyone, Just out of curiosity of how the rest of the industry is operating; Do most wholesalers actually tell the seller that most of the time they will not be the person who actually purchases the house?

I have never had this problem, but is there any tax law that allows for accrued revenue for year 2015 vs having to claim it in 2016?

 $300k becoming $600k is a little extreme, but of course years of accrued interest, insurances, taxes, etc. do add up.

Hi,Out of curiosity, has any one had this situation before?