To be considered an investor (and possibly get long-term capital gains rates), you’d need to hold the property for over a year as a rental or investment, not actively flip it.Check out the IRS guide on rental real estate and capital gains for more details: IRS Rental Property Tax Guide.You might want to talk to a CPA who specializes in real estate to see if there are any strategies that work for your situation.Good luck on your flip!

Thank you Jay 👋 Do you invest in real estate as well as act as an agent?

It pays to know when to just hire an independent financial advisor and do what you do best.In my 45 years as an active investor across real estate, businesses, commodities, and almost everything else I’ve developed a few “rules” that I believe should never be violated 1.

Quote from @Anne Christensen: I'm just starting my real estate adventure, but I do rent my basement on my primary home. 

Things like the real hardwood floors, claw foot bathtub, and stylish kitchen.

OK - but WHERE is the Buying or Selling Real Estate "page" or "section"?

It’s great to see people with an eagerness to grow in real estate wholesaling.

As a real estate agent based in New York, specifically on Long Island, I'm eager to hear from anyone who has experience with BRRRR properties in this area or has valuable tips to share.

Good luck with your real estate investing journey.

Hi Karla from Montreal, Canada-You ask an interesting question.Should your first real estate investment be new construction, since you and your partner have construction management experience, or flipping an existing home as you originally thought you would?