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Results (3002)
Cooper B. How to report profits from a flip with a partner
12 December 2014 | 13 replies

First off, I apologize if this has been discussed in another thread but I couldn't find anything that addresses my particular situation.I am seeking advice about how to report the profits from a flip with a partner.  ...

Hal Cranmer 4 plex with Bad Renters
22 May 2010 | 15 replies

I am looking to purchase a 4 plex for about $210000 that makes about $3800/month in rent with little fix up. The trouble is the neighbors say the place has some drug dealers in it and I'm pretty sure I will have to k...

Levi Hui Will I be considered a dealer by the IRS?
25 June 2020 | 7 replies

Hi guys, I am new here. 
I haven't started investing in real estate yet, but I plan on doing so as soon as I turn 18. I was just wondering would I be marked as a 'dealer' by the IRS if I was to buy distressed propert...

Christine Lenz Mobile Home Investing - Dealer License in NJ
14 December 2018 | 8 replies

Hi there, I'm new to investing and have found that I have an interest in mobile home investing. While researching this niche I read that most states at some point require you to obtain a dealer license in order to buy...

Kevin Klyse [Calc Review] Help me analyze this deal
31 August 2018 | 2 replies

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi BiggerPockets people. Looking for some advice.  I bought this house last year fixed it...

Jim Angers Dealer or Investor for tax purposes?
23 March 2021 | 3 replies

I'm beginning to explore getting into the house flipping business.  I have a full time job and this is not my primary source of income.  I have a friend who does this on a regular basis and to 'get my feet wet', I par...

BJ McKellar Our tenant accidental threw away someones drugs.
22 January 2018 | 8 replies

So this happened at one of the properties we managed.  Have you ever dealt with anything crazy like this?What do I do if my tenant . . . Accidentally Throws Away the Neighborhood Drug Dealers Stash BagYou may think th...

Brandon Craig Tax implications for owner financing
29 April 2019 | 17 replies

Hi all.  I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property?  I am just starting to research this financing strategy and I'm wondering how muc...

Corey Young LLC v. Soul Proprietorship
20 August 2008 | 17 replies

I spoke to my CPA today who said that an LLC is more hassle than it's worth if I don't intend on having any business partners. He explained that if the real estate documents are appropriately drafted on the front and...

Matt Brown Taxes of flippin' a property
23 June 2008 | 19 replies

I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?

I suppose there...