Even a drop to 5.5% could reduce monthly payments by an average of $284, according to Michele Raneri, vice president of U.S. research and consulting at TransUnion.

Lori - I’m a Vice President at Solera Bank.

Short / Mid-Term Rental Investor In Broward And PB County 

Quote from @Oscar Garcia: does anyone knows how much a attorney will charge to do llc operating agreement to s corp they charge me around 2000 is that price is right  Are you talking about actually changing the legal structure from and LLC to a corporation (then making an S corp election), or are you talking about the LLC making the "check the box" election to be taxed as an S corporation?

@Arron Paulino Most real estate investors who are focused on flipping properties use an S-Corp or LLC with an S-Corp election.

When the state was in trouble before the current governor was elected there is definetly going to be a problem in the forseeable future.

Buy in areas of surging growth and demand due to population swings post 2020 election Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

He goes on to discuss two different grouping elections (Section 1.469-4 & Section 1.469-9) in which you group your properties such that material participation in your rental activities can be summed across all properties. is this necessary?  

There's no canned answer for this, as it depends on your income as a whole and not just the income from your wholesaling business.However, if you're set up as a sole proprietor (including an LLC who never made any kind of tax election with the IRS), you'll have a 15.3% self-employment tax on the profit from the sale - on top of the income tax you pay.

The way I read it, if you continue to hold the property past the 10 year mark then any additional gains sold then will be tax free as you can then elect the basis of the property to be adjusted up to the fair market value at the time of sale.Referenceshttps://www.biggerpockets.com/...https://www.biggerpockets.com/...https://www.irs.gov/credits-de...