Colby Shelhorse
Question about Taxes in Virginia?
I have a question about taxes in Virginia. If I flip a property in Virginia in less than a year I know that I will have to pay capital gains tax on the federal and income tax for the state. My question is will I have ...
Paul Scalcione Jr
Lease Options & Seller Financing
Hi everyone,My wife and I are looking to learn more about lease options and seller financing. We've been doing a lot of research on it and understand it. However we would like to talk with someone who is more experie...
Zac Davis
Taxes on my first flip
Hello,I'm to the point where I'm ready to dive in I believe. Just need to find the right deal and I'll be one of you all. I do have a question about taxes on the first flip profits (assuming there are profits)I read t...
Brian V.
How does the government look at income from real estate?
If someone bought a property today and rented it out, they would declare the income on their taxes. The income would be passive. There for based on my understanding is someone who collects Social Security Disability ...
Roy N.
Canadian Mainstream media now reporting on rent afforabability
The national broadcaster as awoken to realize that rising housing costs eventually mean higher rents:http://www.cbc.ca/news/business/affordable-housing...
Adekunle Popoola
Double Closing and Capital gains tax for wholesalers
I am an wholesaler who recently had a double close. i would like to know the following?
-Are my proceeds subject to capital gains tax?
-If so, What portion of my proceeds will be subject to the capital gains tax?
...
Bob Hines
Social Security
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/30/AR2009033003291.html
Due to all of the people loosing their jobs no longer paying in and the number of baby boomers hitting retirement age and taking ou...
David Parleir
Capital Gains Tax on Fix and Flip: What is due and when?
Hello BP people! Can someone educate me on what taxes are due after you sale a property that you have bought, fixed, and sold at a profit...assuming it takes about 6 months? My question is specifically regarding cap...
Christopher Lynch
Sub to deal in Oregon
Does anyone have experience with sub to deals in Oregon? I have a sweet off market deal where the owner has about $200,000 in equity but owes $208,000 on their current mortgage. The numbers pencil out great with creat...
Carter Bushman
Wholesaling and taxes
Hey all,
I’m working on wholesaling right now and to be honest I don’t know much about taxes. I’ve only had to do my taxes once or twice and only through turbotax and such. Is there a certain percentage of my wholesa...