I’m in SoCal where 4-units regularly sell in the $1.5m range and modest single family can easily hit the $1m range.Thank you, Charlie!

@Aiyman KhanS-corp profits are always taxed at the personal level and are never double-taxed.It may be either short-term capital gain or, more likely, regular business income.

That is a good thing, because equity participation in the profits of a flip - which is a trade or business - would generate UBTI if the activity is conducted with any regularity. 

I had a regular repeat customer set for tomorrow for a 2 week stay. 

Hopefully they can promote it to students and we can have college students locked into a 12 month lease starting next June!!

Updated Rules for Using Retrievement Funds for ReliefThe CARES Act has also modified several rules pertaining to IRA and 401(k) plan loans and early withdrawal penalties:The regular 10% IRA and 401(k) plan early withdrawal penalty is waived for amounts up to $100,000, withdrawn for COVID-19-related hardship in 2020The limit of the 401(k) loan program has been increased from $50,000 to $100,000 for the 2020 tax yearRequired minimum distributions from IRAs and 401(k) plans have been suspended for the 2020 tax yearThis may be a last resort, but there is an opportunity to use your retirement funds for operating or emergency capital.  

Is there anything different from wholesaling a regular property?

So instead of looking at the ROI, just treat them as regular wholesale.

Hello all, I happened to come across this website at my regular laboratory job.

@Dave Foster, I assume there is no difference whether they did a 'regular seller finance' meaning the title transfers and a mortgage is created vs. a 'land contract' where to my understanding is that the title does not transfer until the fullfillment of that 'contract'?