., to perform the activities for which Value Property Investments was organized—he was not carrying on a trade or business as contemplated by section 162 (Business deduction).Nonetheless, in order to resolve the matter before us, we do not need to decide whether Mr.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

Kiyos is a shell contractor who performed over a million dollars of shell work and never got paid.  

Happy to meet up and talk shop with you. 

You can close in the business name/LLC here.You are not required to have your investment property in the business name, however, some lenders and bank may require it if they are a purely business purpose, lending institution who servicing companies, mandate commercial purpose only.And yes, finally you can get landlord insurance.I recommend shopping around and comparing a few quotes to get started happy to connect to talk further strategy and detail.

If my logic is faulty and I have to perform deprecation, could you please advise me the number of years that a fence has to be depreciated?

Curious, how do you research if a multi-family will perform well as a short term rental?

I manage 65+ but I am not market shopping. 

If your contract with the buyer has a drop dead date and they do not perform you can move on.You also need get get POF from your buyers and a non refundable deposit.

If it is performing well, the buyer pays fair market value for the home and enjoys the benefit of some future income with rentals you already have booked.