So, if you're in the 25% marginal bracket and your state/local taxes are 9% (for example), you should keep aside 34% for taxes.That said, this is tremendously conservative, as your marginal rate will only apply to your highest amount of income (most income will be taxed at a lower rate as marginal rates are on a sliding scale) and you'll likely have deductions that will offset some of the income.So, if you set aside this amount, you should have some left over come tax time, but should also be good in a worst case situation.If you want to be more precise, fill out a 1040 with your actual income and deductions after each project and see where you stand.

The property and project were still listed as active through the crowd funding platform even though the property had foreclosed, and had been through like 2 subsequent owners.  

I used the double close method from which I used my own funds to make the initial purchase and have the deed transferred into my name, and then executed the subsequent sale to end buyer to make my profit a couple hours later.

The value dynamic that occurs is called diminishing returns, where the first unit of feature is worth one amount and subsequent units of the same feature are worth less.

My wife and I are self-employed, make between $200K-$300K in earned income and some unearned ordinary income, and have a good bit tucked away in our SEP and traditional IRAs and plan to continue to put money in them in subsequent years.

Furthermore getting that experience will educationally set you up for a subsequent multiple unit investment.

In the area that I live in I see virtually no listings that offer video walk throughs , only slide shows.

Sometimes the lender will call it due and if you move it back to your name they’ll let t slide but if they don’t allow that you could have to sell, which would be bad.I initially was going to do this myself but decided even if it’s a small risk it’s not worth it.

Hi all,

I was interested in finding out the IRS rules for converting a long held Rental Property to a personal residence and then sale down the road to take advantage of 250K/500K deduction (and any depreciation reca...

Any statements with respect to problems or with respect to the availability or existence of any of these items which were made by the REALTOR and his/her associates were made based on information given to the REALTOR by the Seller/Owner and/or government agencies, and/or others, and there is no intention that the Buyer rely on the statements of the REALTOR and his/her associates, and the Buyer is urged to confirm any such statements on his/her own.Having read the foregoing disclaimer, I/we, the prospective Buyer(s), by my/our signature(s) below, state that I/we have not relied upon any statement given to me/us by the REALTOR and/or his/her associates with regard to the property, and my/our decision to make an offer on the property and to subsequently purchase the property is based on my/our independent decision with or without legal counsel.