Adam Franco
How to determine capital gains tax
21 February 2018 | 3 replies
@Adam FrancoFlips are recorded at your regular income tax rate, subject to self-employment tax.You figure out your final cost basis (purchase, rehab, insurance, property taxes, financing, permit fees, commissions, utilities, etc.) and the difference between the sales price and the final cost basis is the profit made that will be taxed as ordinary income.You should speak with a CPA to help organize things and try to minimize the tax impact.
Jon S.
Prorate 1st month or change due date?
14 August 2018 | 8 replies
It’s probably not an issue if you only have a few properties, but as you grow it’ll get harder/more inconvenient.
Kareem Lyons
Help Me Save My Career
21 October 2018 | 100 replies
It sounds to me like you're looking to grow your real estate sales business.
Lau Jacob
Out of state investing
15 June 2018 | 9 replies
I know Cartersville has a lot of new construction and is definitely starting to grow more!
Account Closed
Thoughts on 2019 - Kiplinger Article
2 January 2019 | 11 replies
Invest in growing areas, working class properties with value add.
Chris C.
Do you keep your primary residence in your name or business?
2 January 2019 | 2 replies
A business expense is defined by it's nature of being ordinary and necessary, not by how you hold the asset.
Mark Skaff
Pros and cons of a Commercial RE agent
3 January 2019 | 11 replies
What made you go commercial, and grow to the level that you are at?
Kevin Sonday
22 year old looking to get started
9 January 2019 | 6 replies
If you can work for free or cheap for an experienced investor or professional and in the process acquire tons of knowledge, you will build the foundation needed to grow in the future.
Andrew Neal
Why be a wholesaler?
8 January 2019 | 12 replies
@Caleb Heimsoth good point, I see the value in doing it on occasion or like you said if it's a property you don't want to hang onto but the people who think they will grow an empire without huge marketing budgets seem to be spinning their wheels while wasting money.I love how @Jay Hinrichs almost always tells them to get a real estate license and be a realtor.
Justin Haberman
Fremont County, Colorardo investors. Penrose, Florence, CanonCity
21 January 2019 | 7 replies
I have spoken with a few people I work with who have had primary residences that they have turned into rentals. 2 of the 3 have had major issues, one to include a marijuana grow in the basement.