Once they transferred the home into an LLC taxed as an S-corp or partnership they broke 121 rules.Section 121 only applies when the individuals own and sell the home.

@Connor Long - Many people seek to get started in real estate investing as a Wholesaler - but my anecdotal impression of the success rate is that 98% of them never do a single deal.

Renting rooms individually to six unrelated people would likely trigger the licensing requirement.

Setting up a new LLC for each flipping project is a common approach to limit liability, but as you mentioned, it can get tricky with all the bank accounts and bookkeeping.One option to simplify things is to set up a holding company (LLC or C-Corp) to own the individual LLCs for each project.

I've lost count.https://www.msn.com/en-us/news/crime/everett-tenants-seek-an...

Whether you are a seasoned professional, just starting out in the industry, or simply curious about commercial real estate, this meetup is the perfect place to connect with like-minded individuals and build valuable connections.

Whether you are a seasoned professional, just starting out in the industry, or simply curious about commercial real estate, this meetup is the perfect place to connect with like-minded individuals and build valuable connections. 

Hi everyone. I am a young electrical engineer that is excited to start investing into real estate. I have some insight on how the market works and the tips and tricks of an investor. However, I would love to have the ...

The structure and layout made it ideal for a modern update that would appeal to buyers seeking a fully finished, move-in ready home.How did you find this deal and how did you negotiate it?

Hey everyone,
I’m currently in the final stages of completing my Alabama Home Builders License and looking to shadow an experienced builder through a few key parts of the construction process — primarily foundation w...