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Results (881)
John M. Flip Income Tax help needed (and appreciated!)
7 April 2008 | 5 replies

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 ...

Wiliam Rose 1031 exchange questions
19 April 2015 | 11 replies

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...

Dustin Blackmon Colorado dream turned into gateway of real estate investing
27 July 2022 | 2 replies

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...

Rich Weese obama says we shouldn't earn too much. Huh??
12 May 2010 | 7 replies

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. ...

Account Closed Live-in house flipping
24 June 2018 | 2 replies

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...

James Kandasamy Tax rate for Flippers and Wholesalers
8 December 2013 | 16 replies

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...

Pat Opiola reporting sale of flips to irs
3 March 2011 | 24 replies

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...

Jonathan Santiago Tax Question: Capital Gains or Ordinary Income?
14 June 2020 | 22 replies

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...

Hagop Sandaldjian 21 y/o New Member
29 November 2015 | 3 replies

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...

Victor Sabino Can I be the link from seller to buyer and still make money?
26 February 2015 | 8 replies

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.