They both have free accounts.  

One thing I'm curious about, and never asked my accountant is..

According to RealtyTrac and the National Association of Realtors, the average Fix & Flip takes 6 months, has a gross profit of $67,000 (before rehab costs are subtracted) and has a Net Profit of $15,000 after all expenses are accounted for.

A condo would be a different story though.In any case, it seems like a great deal...have you accounted for maintenance, vacancy, property tax, insurance and management?

Nina,Not an expert but some knowledge.Firstly, Account Closed is not wrong but using LLC's is possible as long as you instruct your US tax preparer to treat it an a corporation.

Hi Javier, I think the ultimate best way to save your money is to add a knowledgeable and proactive accountant into your team.The wholesalers are taxed very aggressively in comparison to landlords, but a couple of things that just popped in my head:- consider living/investing in a state with no state income tax- consider investing through tax-deferred plans like IRA- consider creating a corporation and make sure you maximize your tax deductions

I’m running numbers on some listings now and am finding it difficult to break even on a 20-30% down payment with financing after taking into account expenses.

@Jack B.Three scenarios: 1) If you reinvest- yes it is traced to that activity and deducted2) if you use it for personal use - non-deductible3) if you hold on to it on your LLC account/ books, but dont reinvest - it can be argued that you are holding on to that money for future repairs and stuff and you refinanced/mortgaged because the interest rate was super low compared to what coming in the future.

What you haven't taking into account is there may be a mortgage on the property that has to be paid to make a deal.

Are you accounting for Holding costs in the $65,000 Rehab Budget?