Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

How to Track Regulatory ChangesStaying up-to-date might seem daunting, but the right strategies and resources make it manageable.Key Resources:Local Government Websites: These often publish updates to zoning, rental, and housing codes.Real Estate Associations: Organizations like the National Association of Realtors (NAR) or local landlord associations offer regular updates and seminars.Newsletters and Blogs: Subscribe to reputable legal or real estate blogs for insights into upcoming changes.Professional Advisors: Build relationships with real estate attorneys and property management professionals who can provide guidance tailored to your market.Pro Tip: Set up Google Alerts for terms like “rental law changes” or “landlord regulations” in your area to receive real-time updates.3.

We kept and rented our primary residence for three years before selling it (and we didn't have to pay capital gains taxes).Thanks!

When they complete this you'll receive their credit report, and a background check.From there you'll have good insight to their 'level of fiteness' for your property.Shahin

I’d love to exchange insights, explore deals, and help each other grow.Feel free to DM me or comment below.

Any insight is helpful. 

If some of you have tools that will make me gain some time or know some "friendly cities", I am all ears.ThanksMoshe

Capitalize renovation costs to increase the property’s basis and reduce future taxable gains.

Seeing their success is a powerful motivator—and it’s giving me unique insights into what’s working (and what’s not) in this field.If you’re sleeping on industrial real estate in smaller markets like Rochester, you’re missing out.

I am obviously conflicted with the moral side of pursuing legal action here, but understand that people can do untruthful things when it comes to financial gains.