It becomes hard to prove to the IRS what is inventory and what isn't.If there is more than one shareholder of an LLC it is taxed as a partnership UNLESS you are in a community property state.You need to understand that an LLC DOES NOT EXIST as far as the IRS is concerned: http://www.biggerpockets.com/forums/12/topics/7605...You can flip in a C-corp or s-corp and then distribute the income or even loan from there.Personal Holding Company Tax (PHC Tax) is a 20% tax on a corporation that holds passive based income that GROSSES more than 60% of the income.C-corps have NO CAPITAL GAIN RATES.Here is a thread on Real Estate in a C-corp and trying to get it out: http://www.biggerpockets.com/forums/51/topics/1057...

2) My understanding is that as long as I return all the profits back into the Roth IRA I do not have to pay any capital gains tax (or any other tax), correct?

Matt Gaines Best advice I can give you is for you to find a good turnkey company from referrals from actual investors who have actually used them, and actually own property in that market.

J Beard I intended to keep it for 2 years at least to avoid any capital gains taxes.

The property is still considered a primary residence by the 2-out-of-5-years rule, so I will only owe capital gains taxes on recaptured depreciation.In 2015 I made a profit and will depreciate that year up to the limit.

Hi All:Just wondering what others on here would do?I'm looking to perform a 1031 exchange for a single family home that I've owned for 3 years for a duplex and I've come across some bumps, mainly financing bumps.  I h...

From what I have read online to gain access to the MLS you need to have a license and pay the fees associated with the MLS.

Hello BP,Not sure if this is the right forum to post this question, but I am wondering what are the requirements to gain access to the MLS?

I'm in the Indianapolis metro area, and am excited to connect with others on this site and hope to gain some valuable insights and connections, and contribute as much as i can to help others here as well!  

Unemployment is to assist you in finding gainful employment so you must be actively searching and available to work (not working in your own business on the side).