I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?

Hello, So we got our first house finally! after making many offers the last few months. The house is not a foreclosure but a regular for sale. Home as built in 1960. It was already painted an had new tile put througho...

Hello BiggerPockets forums, I need help on a couple of these questions if you have any tips or advice please help don't hesitate to comment or suggest a method on this.

So I'm going to reach out to a possible owner f...

I am representing a client with a gas station for sale in CA - the sellers have a potential buyer that they want to do a deal with. It is both the real property and the business that are to be sold. There is one major...

Hey guys ! So I got my offer accepted for what would be my first rental property and I intend on renting it out however I decided to back out because I was unaware there was a unfinished basement in the house and that...

Quick preface, I'm a cash home buyer. I do 20-30 flips/wholesales per year. I've largely stayed away from the "sub-to" buz word, but I have done a couple sub-to flips knowing that I only needed to hold onto them a cou...

I am beside myself trying to figure out what documents do I need to have for a rent to own agreement. I talked to a lawyer but he didn't seem to want to talk about what I needed. The first thing he said was "I don't t...

I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...

I live in Washington, DC and I’m planning to purchase and study for a real estate license in Maryland and I will apply for reciprocity in DC, thereafter. I’ve always had in my mind that I would get into real estate, e...

Hey, I am starting out Wholesaling and I have a deal underway with an assignment fee of $91,000. Noting the profit I am going to make I wanted to undergo a Double Closing. I was wondering about 2 things. The first bei...