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Results (10,000+)
Colby Shelhorse Question about Taxes in Virginia?
9 August 2018 | 1 reply
This means the profit is taxed as ordinary income (not capital gain) and subject to self-employment tax.If, however, you're portfolio shows a history of rentals, you intended to get into this property as a rental but ultimately decided to sell for whatever reason, and this "flip" is not a regular occurrence, you may be able to avoid classifying it as a flip subject to ordinary income and SE tax.Definitely make sure to speak to your CPA to get specific advice on your personal situation.
Account Closed Mobile Home Disclosure Fraud
18 August 2018 | 4 replies
Because my husband cannot walk very well, and he is very slow to do anything, when he has enough energy to do anything, I had to clean out our two car garage of all his tools and all the stuff in it, as well as pack all our stuff in the house, and I worked day and night.Had to call for a special pickup for all the junk that we had to throw away, that I alone had to haul out to the curb by myself. 
Alice Tierney Lost article on ‘How much to update your rental home’
13 August 2018 | 1 reply
@Alice Tierney I'm not in your market BUT generally if you have a fresh coat of paint and new flooring along with a clean unit I've found that you can really set yourself apart from the market.
Scott Bond What is a good cloud based software for Landlord with 1-10 props?
21 August 2018 | 5 replies
I'm sure there are plenty of other ones out there, but those are the two that I hear about regularly
Paul T. Option to purchase counting as claim of ownership
10 August 2018 | 18 replies
If this is true, then the increased income I receive from the option fee and sale price has to be weighed against the risk of having a much more expensive eviction process than if I were to rent the property out regularly
Nicholas Moran Using Zillow realtor agents
9 August 2018 | 2 replies
The agents shown on Zillow, other than one that may be specifically designated as the listing agent, are just regular agents who pay Zillow for advertising. 
Account Closed Selling investment property
14 August 2018 | 3 replies
As I understand it, if you sell within one year, you are taxed at your regular income tax rate.
Dave Carella Bubble, Bubble, toil and trouble
15 August 2018 | 81 replies
Alternatively, discussing the actions we are taking is good dialogue.Just giving you some background on the nature of the replies from regular contributors to the forums.
Benjamin Z. Pickens Concerns with funding
9 August 2018 | 2 replies
Here are the details on a couple.Property 1TriplexRent: 550-800 per unitAsking price: 79,900ARV: 78000Rehab: 0-1,000 (currently rented so im assuming minimal work needs done if any) Propert 2DuplexRent: 650-800 per unitAsking price: 49,900ARV: 63000Rehab: 0-3000 (current owners recently cleaned and painted both units) 
Langston Washington Flipping Condos for profit
13 August 2018 | 9 replies
You aren't going to find a lot of information that differs from regular SFR flipping the only big difference will be the HOA.