Benjamin J Haithcoat
How to deal with taxes from income procured from wholesaling
Hello,I am a new-comer to investing. I plan on wholesaling at first to build up my capital while at the same time growing my network and learning all I can about the business. While my plan isn't to remain a wholesale...
Andy Nanneman
Previous primary residence rental. Renovations and taxes
I have a paid off home I have lived in since 2011. I recently moved to another residence. I would like to turn the older home into a rental property (if the numbers make sense). It is in an area that is experiencing c...
Eric Fullam
Tax question Seller owner financing/gifting
Family member A (seller) is selling to family member B (buyer). If family member A wanted to avoid tax penalties, could they gift or owner finance the home to family member/buyer B and buyer B turn around and refinanc...
Katherine Robbins
Flipping LLC being taxed as SCorp
Hi everyone,
I own a development company that primarily flips houses in MA amongst various other GC and design work. When we started a year ago and a half ago, we were told to structure our business as an LLC and ele...
Joseph Loprete
Best Strategy moving money from Puerto Rico To U.S.
Ok, so definitely not looking for legal advice here....But...I know someone who has sold a business in Puerto Rico (7-figure sale) and is looking to move that money to the United States permanently. What would be the ...
Jonathan Freeman
How much would I pay in Capital gains tax
I own a 2 family and am looking to sell it. I am trying to figure out how much I would pay in taxes. Purchase price $145kI owe $122kI wanna sell the property for $250kIt is a rental property.i have 2 questions 1. How ...
Susan V.
capital gains taxes?
When you flip, how are you avoiding short term gains taxes?
Vivian Huang
Stocks vs Real Estate
Hi BP! My friend previously worked at Amazon and decided to take 10 months off this year. Since she didn't make any income this year, she is considering selling all her Amazon stocks to avoid $10k in capital gains tax...
Account Closed
Tax implications in house flipping
I am partnering with my brother-in-law on a house flip. I will provide him with the cash he needs to purchase the home with seller financing, I will provide the funds to fund the flip, and we have agreed to split the...
Marijana Vukovic
Searching for Turnkey Property
I am looking to purchase a turnkey rental in Ohio within the next few months. Toldeo looks interesting to me, but I could use some guidance. Can anyone give me more insight on how taxes are in Ohio, and if there’s any...