I will be self-performing most of the work for the first 2 or 3 and subcontracting work I cant do. 

-My numbers are kind of inconsequential because I self manage and run my own rehabs.

Some brokerages will assess a fee to recoup all the marketing to date, but at least you can move on.

There are 2 main tax reasons why you will want to use an S-corporation.1) Flipping houses either individually or through an LLC will generate self-employment income, which is subject to a 15.3% tax. 

That doesn’t even begin to touch on the other options; notes, syndications, trailer parks, self-storage, industrial units, retail..It can get overwhelming.

It sounds like the tenants have already self-selected that building, so it may not be feasible to change tenant type now.

-The house Is in New York has- he has a fire extinguisher company and won't list it because he actually services many of the real estate companies and is afraid to favor one or the other and inturn lose a client- he has nine houses in Pennsylvania - original loan was 660k 760k if I remember correctly - has paid 250k- has all floors ( basement, 1st and 2nd) rented only top floor has a lease total rent colle is 5500- supposed market value is 1.1 million - he's willing to take 960k- might be open to terms since he's already renting.As long as he keeps the title-sounds like the house doesn't need many repairs but i have a friend that is a contractor and he can Help me assess any repairs Hes a savvy new yorker so  I rather give him options instead of just 1 cash offerCan anyone help me figure this out ?

Hi everyone, I have invested in NPLs and have a self built ROI calculator.

Mine is in the mid-600's and I'm self-employed, so I figured it's just easier to put her name on everything to get the lowest interest rate for the investment.Turns out I can't gift the funds to my wife for the Down Payment?

I had exactly the same situation few years back with my tenant in folsom. made  us pay for hotel stay in marriott when hvac went out . i was self managing and he was far away so agreed as he had a 2 yr kid but they remained a pain. later i decided to get a PM and got them vacated right away. no tenant issues since.