I have a quick questions for all the House Flippers out there, How do you maintain Flipping business ... project after project, our concern is paying the cap-gain tax which will kill our profit tremendously.

But then, one of the tenants is concerned that the $1,000 extra change for the water bill from early March would lead me to deduct that from their lease (which I assured them that I would not).

But then, one of the tenants is concerned that the $1,000 extra change for the water bill from early March would lead me to deduct that from their lease (which I assured them that I would not).

My plan is to move out shortly and start generating cash flow but am concerned what heating costs will be like with the renters able to control the thermostat and not being as diligent about keeping windows and doors closed.

The main concern is we have zero upfront money we can use to invest.

As far as purchase price is concerned, your not going to get a good deal looking on the MLS in the current environment.

Ill appreciate to read the answers and your opinions concerning those questions, i know i make too many questions but i dont want to be bankrupcy on the first purchase. so for that reason i would like to see your history.

I'll appreciate reading the answers and your opinions concerning those questions, I know I make too many questions but I don't want to be bankrupt on the first purchase. so for that reason, I would like to see your history.

Everything sounds so positive so far, but here comes our problem: We live in California, which means any property bought by either one of us would become a co-owned property by the law here.So, here are some of our concerns: 1.

I would venture to guess since you are especially concerned with this and not optimistic about your ability to obtain a loan based on personal income or qualifications, an LLC is a good fit.A word of caution:  the only way an LLC is effective in limiting the liability that it is intended to limit is when the operator operates it like a business.