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Results (3006)
Amy Prosser Avoiding dealer status as long as possible?
26 January 2015 | 1 reply

My husband and I are slowing flipping homes. We live in each flip while we rehab and then sell. Can I treat these flips as a sale of my home? Until I get to a point that I no longer live in them? That way I still ...

Jason Rogers Help!! Flip Accounting
6 April 2019 | 2 replies

BP Community I need some help. First off I understand that you are not a tax professional (and even if you are you are not giving me professional advice). I plan to speak with my tax advisor on Monday but I need to cl...

John Williams MH park rules
25 September 2009 | 5 replies

I have a couple Q's on park rules and mngrs and how to deal with them.

Most of the parks around here are owner occ. I asked one MH owner if I could rent out the trailer in this park and he was tol...

Account Closed Vacant Property
2 May 2015 | 6 replies

The home X the street from me has been vacant for a month due to the cops flushing out the dealers. The home actually looks to be in decent shape, and from what a neighbor told me, the owner ( who didn't live there at...

Jimmy Rojas Where to find wholesale real estate without 3rd parties
19 December 2023 | 13 replies

Hey guys, im located in Phoenix,az and the market is so high here, I have access to MLS listings and noticed the listings are mostly if not all retail prices, i find same home prices in Zillow, im currently in the car...

Donna M. Settle a wholesale argument
28 April 2009 | 12 replies

If someone gets under contract with an REO that someone is wholesaling, can they, in turn, repeat that process? If that's the case, it could go on and on until the numbers are no longer good for an end buyer?

Nic DeKramer 21 home development, ISO best deals for materials/appliances etc
2 January 2019 | 8 replies

I'm developing land in Redding, CA. 21 homes total, and wondering if anyone has advice or connections on getting the best deals on materials, appliances, things like fireplaces, ceiling fans, basically anything and ev...

Rall Hanna drug dealer in home
29 December 2008 | 41 replies

Please assist....I have a drug dealer for a tenant. I actually saw the person dealing. My immediate reaction was to call the police and evict him. Then...several things came to my mind.

a) If I have him arrested,...

Bob Lee Dealer across the board
16 January 2022 | 2 replies

If I have 5 houses in an scorp and they have been held for different periods of time, between 0 ad 3 years, and based on previous transactions the IRS determines I should classified as a dealer, does that effect all t...

Matthew B. Accounting Practices for Rental Properties vs. Flips
5 January 2014 | 7 replies

I have some fun accounting questions I'm hoping someone can answer.

So I'm pretty sure when I purchase a house to flip, it is recorded as inventory, then expensed as cost of goods sold when the house is sold....