But I have been intrigued lately with the concept of wholesaling and was thinking I may try and send out a bulk mailing to hopefully generate some leads. 

@Serge VeletFlippers are responsible for paying Federal Taxes, Self-Employment Taxes, and State taxes.An accountant's goal is to make your net income as low as possible which results in the least amount of taxes.Some expenses available to flippers areHome office, Tools, Mileage, Health Insurance costs, Retirement ContributionsBest of luck

They also employ housekeepers, maintenance people and many others in the housing industry.

Many have two or three generations in one household, pets, home businesses or multiple odd side gigs and second jobs—many have little to no credit because they use cash, have not been in the us long, or are undocumented.

You also have the commissions paycheck too so you are generating multiple income streams from this niche.

My version of the new truck was about to be a new stereo lol so thanks for sharing that.I think I'm going to make some adjustments to my plan, and I still have some time before the sale closes to work out the details, but I think my takeaway's so far are:- Keep the profit separate and make sure it's only use is to generate more profit.

This leaves us $4k per month that we have been absolutely wasting.My employer offers a very generous 401(k) plan with a 6% match and a 3.5% non-elective contribution.

I know about short term capital gains taxes, but also know about the self employment tax.

Considering the scenario where two investors are buying a new MF property together (lets say for $1M) and one of them (lets call him ‘investor A’) is using 1031 exchange proceeds from a property sale of $500K that will generate a total net amount of $100K.

I'm self employed since 2014.