My view is yes, ordinary income just like wholesaling.Here's a decent over view of real estate taxation, which doesn't mention wholesaling or wholesaling LOs unfortunately.REI taxation and dealer statusAnother article discussing wholesaling:wholesaling tax implicationsAnother read:avoiding dealer status

Go to HudHomeStore.com, select your state and county, also use the "Buyer Type" as Investor, and status "Accepting Bids".There is one property in Crystal Lake that may be of interest to you.You need a Real Estate Agent to put in the bid for you to this site.I would start out with 65% of the list price and inch your way up every week but keep submitting the bid everyday (if you want this property).Of course you need to go see it and possibly get it appraised and inspected.$1000 Earnest money within 48 hours as well (if they accept your bid)

For instance I got a business idea for my sister and worked so much without realizing 2 days later I had a fully functioning website with loads of content, youtube channel, facebook, twitter, amazon affiliate and google adsense account set up for her which ended up having over 50 visitors the next day.

I am interested in fix and flip, so more a short term investment, and buy and hold.I assume there is a difference btw the both models in term of taxation.Thx, AndreasWhat is the status of this?

Did you mean Facebook?

I've been hearing that in some states and Florida counties HOAs are now also getting super lien status, but I am not familiar with which yet - that might be something I research for another post. 

(PP/NOI = GRM) If the GRM >10-12, you're headed for low ROI and a difficult end-game.Each of these metrics is a direct measure of the Operational Status of the property.

I think it's what I need for immediate returns, my concerns are, what status will the property be at in 10 years?

What are the cons to declaring S-corp vs declaring Partnership status?

,Soil characteristics, vegetative cover, and status of mineral rights, andOther factors affecting value.For each comparable sale, the appraisal must include the names of the buyer and seller, the deed book and page number, the date of sale and selling price, a property description, the amount and terms of mortgages, property surveys, the assessed value, the tax rate, and the assessor's appraised FMV.The comparable selling prices must be adjusted to account for differences between the sale property and the donated property.