Hey guys,
I feel like I've asked this question a million times and the answer is no. But I want to minimize my tax burden on a house I am in the process of flipping. I am only planning to hold the house for 3 months...
Hello!
Looking for ways to limit capital gains on a flip property.... someone mentioned to me that you could do this but never heard of it before....
PP: 30k
Rehab: 20k
Holding Cost: 5k
All In: 55k
ARV: 100k
...
Hello,If I make money through rental properties and through 1099 income, should I set aside a fixed amount from each income stream for taxes? If so, what percentage would you recommend?
I feel like I should know this already, but am drawing a blank.As an example:John is 35 and has worked for 20 years. He has enough 'good' years to draw social security when he hits 65 (or whatever). Also, John has ...
Can you use a 1031 exchange when wholesaling properties?
I suppose you could if you bought it and sold it, but what about assigning contracts and double close?
I have been managing my own properties, can I pay myself as a property manager? Set up a different business? Pay my wife?
Potential tenant. Meets the 3x rent requirement. Only source of income is ssi and ssd for herself and 2 other family members. Is this normal for 3 people in one household to receive. I was planning on giving her the a...
While we know that many manufacturing companies face tax concerns, there is a potential solution. Companies may be eligible for R&D tax credits while being unaware that they qualify. This can be a wonderful tool t...
We've been managing our properties for 2 years now and been doing a lot of the work ourselves to save money, such as yard maintenance, cleaning, unit flips, etc. How do you pay yourself? Is this easily possible withou...
I have a house I am selling via Owner Financing / Seller Financing. One of the purchasers has a SSN and we've been able to run all the normal background and credit checks. She however will not really be the one making...