20 August 2016 | 11 replies
If you sell for $125k then there is no gain on which to be taxed.
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20 August 2016 | 4 replies
On the other hand, property owners benefit greatly by keeping sales data out of the hands of the taxation powers.
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9 September 2016 | 55 replies
You will pay less Taxes on the sale due to paying Capital Gains instead of ordinary income tax due to being flipped the same year you bought it.I am not a CPA and will recommend that you seek advise with a professional on that area, but if you flip to rent instead of selling on your first years, you tax bill will literally be almost non existent.Do not let this flip and some appraiser steal your future as an investor, on the next ones, try to invest a lot less on the rehabs and you should be fine!!!!!!!!!!
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28 February 2017 | 3 replies
I think wholesalers are sort of protective of their cash buyers list, so building rapport with them is an important step to gaining their trust.
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27 August 2016 | 29 replies
Thank you @Scott Ryne it's amazing that you explaining what I want say in a lot better way. the projects it might be small or big and either he is under paid or over paid very true. in addition that it's my benefit to reduce cost and the bigger the project the better his fees, I feel it's not fair.
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6 April 2018 | 38 replies
Not sure if you structured the debt to support a rehab strategy or not.Keep us posted...this has the potential to be a huge capital gain, rehab or not.
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12 December 2017 | 62 replies
It is very hard to vett the projects and one failure can wipe any gains I would have to say at best they are still risky investments.
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21 August 2016 | 5 replies
Make sure you take into account all of the perks that come with a job; Paychecks, benefits, health insurance, access to printers, office supplies, etc.
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22 August 2016 | 38 replies
It can be quite a bit more per hour income and you get other great benefits: tax benefits, appreciation, etc and the ability to sell when the time is right and defer all your gains.
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23 August 2016 | 2 replies
I would post it here, but every time I answer someone's question and point them to the appropriate resource I get flagged somehow by BP for self promotion even though most the resources I suggest have nothing to do with me, then nobody benefits from hearing about the resource but that's BP's loss I guess.