So I have been thinking about getting my dealers license as a second business I buy cars for resale occasionally. Do any investors here also sell cars professional I'm looking for any feed back and knowledge you'll wo...
Hi, BP fellows,
I started to venture into the flipping world this year and has been successful at my first deal in summer. Now I am doing my second. Unfortunately, I bought both of these properties under my personal ...
So a piece of property in terms of capital or ordinary treatment, relies heavily on the items intended use in the taxpayer's hand.It can turn an otherwise capital gain into an ordinary one. It may even disallow previo...
I have a friend who was recently laid off and was looking to buy an REO in an OK neighborhood. If he buys it, fixes it up and decides he doesnt like the neighborhood in say 3 months time, and decides to sell, can the...
Growing our RE business in the US certainly has its growing pains. In structuring our entities, (we function in Florida, Georgia and soon in Texas), we have been informed that, "...your company is a dealer in real es...
I have a buyer who is looking for a Prefab Home Dealers in the Tampa/Brandon areas. We are already looking at some lots, but this is not something I am that familiar with, so any advice would be greatly appreciated
I had the best tenants ever with no late payments and no repair calls. Three years later I was worried when the rent was not deposited by the 2nd. Normal for most of my tenants but this particular case was different...
After speaking to CPA's, the tax attorney and real estate attorney it's clear I cannot run a dealer business out of one entitiy and create installment sales in another entity without running into problems with the IRS...
Hello;
We currently have to small parks in the west Michigan area. Over the course of the past few years we have developed a number of vacant lots in each. Up to this point we were struggling to keep the exsting home...
I own a Real Estate C Corp that Flips properties. I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp.
Averagi...