If there are any fellow mobile home park investors out there, it would be great to hear any input you might have. I'm a partial equity investor in 4 parks in Michigan. I know the lead investor and park manager well....
If you build a new house, and rent it out with a 1 to 1.5 year lease, and the buyer is renting to own, but the sale takes place after the lease ends, is this treated as income or as a capital gain? Would the rental p...
I was considering using an LLC for my wholesale business, but it seems that I would have to pay capital gains tax and self-employment taxes with an LLC or a Sole Proprietorship.
And, since I'm not investin...
I recently set up a self directed IRA through Midatlantic. I was wondering if I use my self directed IRA money to wholesale properties, does that avoid the dreaded dealer status? One of the Midatlantic reps suggeste...
My husband and I have an LLC for our flip business, which is also a licensed general contractor business, in Oregon. I personally also have my Oregon real estate broker's license, which I obtained to help with the bu...
Has anyone found any foundation systems that can be installed without having to move a doublewide thats been in place for a decade or two? I know that can pull the house out of the way and do a traditional slab/pit, b...
I'm getting close to retirement and have 3 rental homes. The least desirable of the three and the one that rents for the least amount is paid off. The other two still have mortgages. Can I sell the one that's paid ...
Hi all, 4 people (Myself, my girlfriend, girlfriend's sister and her boyfriend) just completed a flip that will go up for sale this week. Do you have any guidance on how taxes would work in this situation?My girlfrien...
This is not a political thread! However, Dodd-Frank is under the gun with changes (pulling teeth) from the Act under the proposed government funding Bill.The attack seems to be where you'd expect it to be, provisions ...
Has anyone on here successfully use precious metals as a medium to exchange credit such as a credit cards to cash? I know there are cards that exist where there 0% promo offers and I wonder if anyone has actually done...