However, in general, flipping is best done through an s corp or an LLC with S Corp taxation election.

However, not every HUD home is electable for that program.

The points I argued wereMy house sheet rock new paint new viynl windows (energy efficient) central A/c and heat new viynl siding 3 yr old 30yr arcitech shingled roof new electrical and plumbing new cabinetsnew tile and floors...etc.Comp 157 yr old tin roof, metal siding, metal windowsorigional elect and plumbingWindow A/c units, plug in heaterslinoleum flooringIm using this house for my comparison bc it was closest in sq. ft, and the most recent sale, plus it was only 2/10ths of mile away.I truely cant see how these to houses can be priced the same.

You must file an election to capitalize the expenses and add them to the basis of the land.Disclosure: seek you own tax advice.

Not saying not to but I don't know if that not having a title would make people worry you are just a pawn and I don't know if that is any better than President, CEO, Principle or any other number of possibilities.I definetily agree that unless you want to have multiple totlally different cards make sure the front is good and professional and something you would feel fine giving to other investors, mortgage brokers, realtors, attorneys etc.

(coupled with bad loans)Also if interest rates move up (which i think will happen when the new president comes in to office) that will also push down home prices, but in general now is a a great time to buy i think.

Depending on how the sellers respond, the Buyer then has the option to accept the Seller's response and elect to proceed towards the act of sale or elect to NOT proceed towards the act of sale. 

*IF* he has other clients he serves, then he can be an independent contractor and you could elect to pay by invoice, and that allows you to use 1099-MISC.If you directly 'employ' this person, then you should withholding SSI and paying W.C.IMO, I've always attempted to avoid employees due to the extra tax accounting and liabilities, and much prefer to use 1099 contractors.

That's a great designation to have," said Pete Galbraith, President of Coldwell Banker Select.

Easier to work with, expect to close faster, and with less stress.The LO on offer #2 is electing to roll closing costs into your loan balance, the LO on offer #1 is electing to ask you to pay them out of pocket.