Adam Gray
How to Report Wholesale Income
What type of schedule or where do you show wholesaling income on income tax documents?
Michael Marston
Strategy to fill MHP
Do you bring in used mobile homes or new to fill vacant lots? Can you partner with local dealers to put homes on your lots on "consignment"? How far away will you purchase a used mobile home? I have seen some good dea...
Dylan S.
Tax implications of Flipping SFH in CA?
Hi All,What are some tax implications to keep in mind for flipping a single-family home in California? For example, if I were to purchase a home for $1M, fix it up then sell it for $1.4M, how much of that $400k gain w...
Ryan Lebsock
Compliance Compliance Compliance
I have recently researched Lonnie styled mobile home investing extensively.
Lonnie doesn't cover many of the issues which I have come across in any of his books.
All of these are issues are subject to the state o...
Matt P.
Manufactured Homes Portfolio Sales
I have an opportunity to invest in a 25 lot mobile home park with public infrastructure in a good area at a very attractive price. The owner is a motivated seller who wants to retire and move out of the area, so I was...
Account Closed
Scottsdale AZ STR had $5.4 million in Illegal Drugs On Site - Sure Hope They Clean It
How do you get Fentanyl & Meth out of an AirBNB?
********************************************************https://www.yourvalley.net/sco...
Police: $5.4M worth of illegal drugs found at Scottsdale STR property
P...
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Avoiding a 35% tax bill and real estate 'dealer' classification
It appears the difference between a 15% and 35% tax bill is whether or not you are classified as a real estate dealer. Many consider you an RE dealer (or at least the IRS does), if you have a way of selling the prop...
Jim Wineinger
Certain banks giving you problems?
Check out this excerpt from one article that I recently posted!
Recognize any names?
The Federal Home Loan Bank of San Francisco sued nine securities dealers alleging they misled it about the credit quality and risk...
Ben Skove
S-Corporation Compensation vs. Flow-Through Income
After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-throug...
Account Closed
Is your real estate investing activity a "trade or business" or an investment activity?
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...