It appears the difference between a 15% and 35% tax bill is whether or not you are classified as a real estate dealer. Many consider you an RE dealer (or at least the IRS does), if you have a way of selling the prop...
all,
i am in virginia and ready to get my first wholesale in the books, what are the tax ramifications for wholesaling? I cant seem to find this info anywhere????
I was thinking about flipping a seller carry back note. I am new to the notes and real estate business and wanted to know how that would work tax wise. I understand that if I were to flip a house I would be subjected ...
I live in FL. I understand that if you buy and sell more than one mobile home a year you need a dealer's license. I have been reading over the requirements. It seems pretty simple, however, it does say that I need ...
I have a couple of houses I am owner financing. I have heard that you are only allowed to owner finance 2 or 3 houses and still get taxed the normal capital gains rate (on the interest you profit from the sale), anym...
I've been learning about SDIRAs and from what I understand when you use the money in your real estate business, the money you earn will be tax free. So as Amanda Han put it in podcast 49, if a wholesaler puts a $1,...
I bought a nice looking row house in an 'up and coming' part of Pittsburgh's north side. Despite the charming look to the neighborhood there's a heroin dealer across the street. The foot and vehicle drug traffic is...
Hi Everyone,
I bought Lonnie's materials and started looking into buying and selling MH's here in MN. However, the first park owner I talked to told me that you have to be a dealer to buy and sell mobile homes. Sur...
Hi everyone! I'm at the very beginning of my journey of real estate investing. I have taken an interest in manufactured homes and am trying to learn about it. But I'm confused about something. I live in Illinois and I...
**Posted this in the 1031 section already, but this might be a better place to put this topic**Wanted to check in with BP and see if anyone had any experience with selling new construction condos and any advice how o...