When doing a flip 100% all cash. Do you pay taxes on the price you sell the house for. Or just in the money that you made profit on?Let say you bought a house for 30kSpent 20k on rehab And sold for 70kDo you get taxed...

Hi,
I would appreciate if someone guides me with this here. I have an LLC in Arizona. I am planning to buy houses, rehab them and rent or sell them (depends on the property).
Can I get a Transaction Privilege Tax li...

Hello, all.I generally let my accountant do his thing, but I try to understand the ins and outs of taxes for my own benefit as well. I understand the concept of depreciation on a home over 27.5 years as an expense tha...

I am in the Los Angeles market and buy/rehab/sell many properties on an annual basis. Lately I have been selling some as fixer opportunities without doing any work on them. The problem that I have encountered recently...

I have a 1972 1500sq ft Mobil home on a 0.4 acre lot. I own both free and clear and am currently collecting $1350/no rent ($1270 after PM fee). My concern is , I have a credit card that has a $30,000 balance with the ...

Hello I see one of the conditions on the mortgage commitment letter. Prior to the closing- No seller concession. what it mean and it does not say 5 or 10 days prior. Thank you 

So this is a common problem but how can i profit when the tenants of the property that the landlord agreed to sell it to me refuse to move out? I know i just help them to find a new place to live from an agent or an i...

A friend of mine is looking into doing a 1031 exchange on some property; however, he's getting some conflicting info on one aspect of it so I thought I'd ask the experts here.

Here's the situation:

He is selling som...

I am in the process of selling a rental SFH property in LLC "A". I have a second LLC "B" that I was going to start putting new rental properties into. I want to do a 1031 exchange if possible. If I buy a new duplex ut...

I thought I had deferred all my taxes in a 1031 exchange this year, but am surprised by some news from my accountant today and want to get some perspective from all of you:
I sold a group of 3 rental properties this ...