This is my first project.  If I build a house, pre-sell it when almost done, then actually sell it when done, do I have to pay social security taxes on the profit?  I know as a short term gain I would have to pay inco...

I did my first flip without a LLC. Basically, as a proof of concept.  It worked out really well and I am getting ready for the second one. I am looking for a good tax strategy and legal protection.  I heard that if m...

we own a brake and alignment shop.  paying double on social security, as you all know, is rough.  we have also been renting out our house in Bennett. we had a little plumbing problem that caused some damage last year....

One of my friend has business of flipping houses. He offered me to invest in his business on profit sharing. I will be just an investor and will get my money back with profit once he sells property after fixing it. Ho...

Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...

I presently have a chunk of our SFR homes under contract which will yield a 7 figure return after taxes and fees. (Of course, there is no guarantee that we ever get to closing and this will be an irrelevant discussion...

Hello,

Im closing on a property today that I intend to flip for a profit. I bought the house via forclosure for $115k, will put about $20k into it and will list it for $225k. Im curious what is the best way to approa...

A few months back I bought a 2 Unit Bldg. I used a 203k to upgrade the bathrooms & kitchens in both units. I also reside in one of the units. I definitely want to do another one, I'm just trying to figure out if ...

Hello Everyone, I've been following BiggerPockets for a few years now. I live in Las Vegas and now that I am in a position to buy, I have been looking at properties on Zillow. Every day, for the last week, I have bee...

Hello  I have a 401k worth 250000 and I am retiring from company> Im 55 years old and want to buy some rental properties for my 2 kids to rent from me.. I need the income from the rental properties now and was cons...