I have some fun accounting questions I'm hoping someone can answer.

So I'm pretty sure when I purchase a house to flip, it is recorded as inventory, then expensed as cost of goods sold when the house is sold....

Hello I’m getting into investing in mobile homes/modular homes in Colorado. I would like to meet up and talk with others that are doing this and ask some questions. Please send me the contacts of every that you know i...

My wife and I were hoping to start flipping mobile homes but I found out today that I might need a dealer license.  I get the impression that it is a federal requirement, but that the licensing is done through the ind...

Anybody has a good/affordable cabinet company contact in Charlotte, NC? I'll willing to install them myself, if I can find a RTA/Knock Down dealer the will sell it assembled.

It’s been a while since I posted here! I currently own and operate 5 mobile home parks along with my father. We have vacant lots that we are looking to fill in Iowa and Florida. I have seen some people online talking ...

We have a mobile home park in Fayetteville, NC that we’re trying to fill with 20 used / new homes.  We have engaged 21 Mortgage and are in the process of registering for the CASH Program.  However, we don’t think the ...

I'm currently looking at a properties in Greer, SC in the vicinity of the Walmart Super Center off of East Wade Hampton Blvd. The one opposite the Chevy Dealer. Would you invest there? What are rents for a 2bdrm/1bat...

I usually answer, but now is my turn to ask.Dealers of residential lots are allowed to use installment sale method. If said dealer operates as an S-corp or partnership - reporting is fairly straightforward. But what i...

I'm going to be acquiring a park with some vacant lots  I already know about doing test ads..etc but when it comes to a vacant lot and filling that spot is it just like advertising a rental home? I had an idea of gett...

Could someone please tell me in as general numbers and terms as possible what the overall difference in end taxes might be between these two? Let's say for example the company clears 120k in profit on sold flips eac...