Vitaliy Gnezdilov
Do we need a broker dealer license for our advertising agency? (Performance-based)
Hello all,
We’re a marketing company who creates advertising campaigns on behalf of 506c syndications (RE funds).
Specifically, we act on behalf of the client to set up and manage their ad campaigns that bring them ...
Jim Johnson
Park Owners Filling Lots
So much has been discussed concerning the problem of filling lots in your MHP that have no homes on them. Well, we might have figured out how to solve this in at least one of our parks. Over the past 6 months or so I ...
Dan Costantino
Rental in the wrong entity. Should I transfer?
I have a house I was going to flip. I am now going to keep it and rent it out.It is in my 'active income' entity. I've only done 2 flips in this entity, and it's not tagged as a dealer yet, but it will be some day.I...
Joe P.
Can I use the installment method of accounting?
I flip vacant land properties and by all means I am classified as a "real estate dealer". I notice in IRS Publication 537 that real estate dealers are forbidden from using the installment method and must realize all ...
Tracy J. Adkins
Single vs Doublewide MH for rental
Hello all,I was just at the local MH dealer and looked at a few homes for a lot of land. I was set on a doublewide and honestly have no idea why. I am set on it being at least a 3/2 and 1100-1500sqft. Do y'all see a d...
Pat Opiola
reporting sale of flips to irs
I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...
Derek Kerley
Flipping - Taxes
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
Wayne Sluiter
Can't figure out how to get to the next step
Hello everyone, my name is Wayne, I live in Michigan, and I am a newbie to BP.com.While a newbie here, I do have some experience in the real estate game.I have two SFR condos rentals that are doing quite well at appr...
Lance Hummel
Evaluating a Mobile Home Park Investment
I am looking for some help identifying how to evaluate a mobile home park in duress. The asking price to high to justify with the current cashflow. It is a 150 unit park with only around 35 units currently rented. ...
Wesley C.
Rookie tax question
This should be an easy one for someone to tackle, but I'm very new at this. I close on my first investment property next month. Not sure whether to flip it or rent it due to tax considerations. I understand that if...