Oh man how I hate doing taxes! Although I must admit that as I learn more and more, it does get a bit less intimidating. I've got pretty slim chances of getting an audience with a CPA this week so I hope one of you ...
Hello everyone,I am considering building a SFR for the purpose of selling for profit. Rather than have to pay taxes on the proceeds, I would much rather roll that money into an apartment, utilizing a 1031 if I can.Is...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $200,000
Sale price: $313,000
This home was purchased with a no money down program in Colorado so our initial out o...
Here comes another rant! I'm so tired of this crap about republicans not caring, dems being the ones to help the needy. Then obama says that there comes a time when you've earned enuff money. Who determines that?
1. ...
We're selling our home and want to use the cash to invest in a small house to flip. So, if you live in a house for 6 months, fix it up, and sell it- it's my understanding that we will have to pay the short-term capita...
i was told by my mentors that the tax rate is very high for the capital gains for flippers and wholesalers compare to landlord. I understand the landlord part clearly, however does not know how much tax does a flip...
I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...
I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...
Hello everyone!My name is Hagop and I am 21 years old.I am less than 1 year away from graduating college with a degree in Real Estate & Finance. I am currently a fine art dealer, and am looking for ways to reinves...
i've heard of wheeler dealers finding a house on Craig's list and putting a buyer together with the seller. The wheeler dealer makes a few thousand without touching the property.