Would that make sense to do?

Hey @Johnny Bartel, welcome to the BiggerPockets community!

Little did I know I was going to stumble across some books mentioning bigger pockets, start listening to their podcast, and make a post saying this house is now going to be a fix and flip!

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

Make sure that your lender will lend on them.

I do not have any loans through Flagstar Bank, but I would talk to them prior to moving it into the LLC.

For all the flippers out there what do your percentages look like.

I want to take the leap but I just would like to hear of some unbiased thoughts about his VA's.  

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.