How do I find a business or joint venture partner?

SHORT TERM CAP GAINS (holding period of less than 12 months) is taxed the same as ordinary income.I'm not sure what the CA LT rate is, you'd have to look at your instructions for your form 540.If the house has been your PRIMARY RESIDENCE for 24 of the last 60 months there is no tax on up to $250K gain, if filing single, $500K gain for married filing jointly.

if you bought and flip it so quickly,you've paid the lenders, then that couldn't be such a great profit. or unless u know that,right?

hi, i am new and wanting to start out in the chicagoland area - pm me if u want to get in touch - i am about to join a local reiclub and wcrt.bs

Using Ch 13, the process could drag on for many months.So, Jerry, can u see why the banks/lenders hate it when you threaten bankruptcy??

In special circumstances, we've been able to develop strong enough relationships with developers that they are willing to quit-claim the lot jointly into the name of my firm and the investor.

Help us help u.

$250K of your gain is tax free ($500K married filing jointly) as it has been your residence for 2 of the past 5 years.

Executed Broker Loan Fee Agreement, if applicableAdditional items required to approve, document and fund the loan1.Appraisal Report by an approved appraiser2.Formation documents of the Borrowing Entity (LP1) and Tax I.D. number3.History of property ownership if purchased from a related party4.Closing Statement for the property (or proforma closing statement if under contract)5.Joint Venture agreement (if any)6.Preliminary Title Report with underlying documents7.Geotechnical Soils Report8.Phase 1 Environmental Site Assessment 9.Site plan (with units plotted)10.Grading Plan 11.Architectural drawings with specifications12.Architectural agreement (if any)13.Engineering agreement (if any)14.Construction Contract (if any)15.Insurance broker’s name, address, and phone number (builders all-risk, general liability)16.Independent cost review may be required17.Related Debt Certification (Loans To One Borrower)Notice of Right to Receive a Copy of the Appraisal Report Here is the info to help you out.

Married filing jointly your sheltered gain is $500K, filing single it's $250K!