Would it be practical to have profits from rehabbing projects and wholesale assignments all under one entity? Or do these two fields each require their own company?

Iv heard from some where before that as a real estate agent you have to disclose this when buying a property? Why is this, what kind of trouble can you get in with this, lastly do I have to disclose that my wife is an...

I'm not sure if this is the right forum category for this question, but it seemed most appropriate.I'd like to start a college savings plan for my son and I'm curious if a 529 plan or a ROTH IRA is a better choice. I ...

$2000 to $5700 A MONTH FOR 10 HOURS OF WORK!!!!!!!!!!!!!! We are a licensed car wholesale dealer headquartered in Florida and do business across the U.S. We buy and resell high end luxury cars. We are currently seeki...

In the past I have bough close to 20 houses in ms where I then resold most of them with a lease option ageement. I now live in texas where lease options are not supose to be used under most cases. If a buy and then ...

I just read a post where someone said you may have to pay SET on income from flips. Is that true?

Hi All,

We just started a c-corp to take advantage of ROBS capability, and I'm doing some basic research on cash vs. accrual method for accounting. For a rehabbing business it may not make much difference du...

I was wondering what type of tax implications lease option assignments bring? Is there a certain amount you can do a year before being labeled something like a trader? Is it just earned income?

Thank you for ...

Hi,I have a question that boils down to whether I would be classified as a "dealer" or "investor" in the eyes of the IRS... I am looking for insight from some one with experience on this (real estate tax adviser, CPA...

Hey BP,

In 2015 I started my LLC and I also have a full time job. My question is this...
If I spent money on marketing for REI can I write that off on my taxes this year?