Stephen N.
Do i have to pay self employment tax on flips?
I just read a post where someone said you may have to pay SET on income from flips. Is that true?
Josh Edwards
Do Mobile Home Lot owners own the vacant homes?
Basically the title,There is an old mobile home lot in my area that I am looking to reach out to the owner to pitch him a deal of me fixing up and selling the vacant mobile homes on his lot and keeping the profits fro...
Erin Caldwell
What to do about laundry/washers/dryers in Tacoma
Another question for fellow Tacoma investors! What do you guys do about laundry? It's an issue I'm sure in every property, weather to have them or not. The property I'm buying (tri-plex) only has laundry in the 5 bed ...
Charwak Gummalla
Own land - want to subdivide and joint venture with builder
Hello BP members,
Need some guidance here.
We own some land in southern Charlotte which is currently zoned r-40 for single family. We want to subdivide the land and partner with a builder and build a community and ...
Jeff D.
tax on LLC doing flips vs. tax on S-CORP doing flips?
Could someone please tell me in as general numbers and terms as possible what the overall difference in end taxes might be between these two? Let's say for example the company clears 120k in profit on sold flips eac...
Jason NA
Deducting interest from business line of credit
I recently bought a property for cash. I sourced some of the cash used for this deal form my business line of credit.
My business line of credit is NOT linked to my real estate business. The LOC is for another busine...
Paul Fagot
LLC for first time flipper?
Hello BP, Im a new Investor and I'm planning on Flipping a house soon once I figure out my funds, but my question is do I need to get an LLC before hand? Or is it just better to have it in general?
Greg Tawes
Vacant Lots and Replacing Older Units
I have a question, I'm looking at a small park in a rural market (maybe 30 lots). There are about 15 vacant lots and 15 with mobile homes. Do you ever have to bring in the homes yourself for spec? Do you buy them a...
Mike Zhou
First MHP deal suggestion and advice
I am in the process of buying my first mobile home park. I have been primarily rental investors for SF and TH. I have recently come across a 27 units MHP (10 vacant) whichIs 2.5 hours away from my resident. It was a ...
Stanley Yang
How to transfer property title from two-member LLC to ourselves?
My fiancee and I own a rental investment property under our LLC (structured as partnership; 50%-50%). The property was bought with cash in August of this year, and it's in San Bernardino county, California. We just ...