I was just wondering if wholesaling is profitable? Is anyone here a wholesaler? How many properties have you wholesaled? What types of properties do wholesalers look for in general? Thank you.
Brian
I have a question regarding taxes after selling a property. Lets say I sell a property and make 20,000 off it after all fees and agent commission, how is that 20,000 taxed if I want to cash out on it. And is that some...
Could you advise me on how to structure a deal where there are four partners but one partner will do all the work. Find the deal, do full remodel of units etc. Say each puts in 250k would he take for example 35% a...
Are there any strategies to minimize taxes on the profits from flipping? Also, is it advisable to always purchase in the name of the LLC or is ok to do it on my own name if it is a quick flip? Thanks for your feedback.
I don't know about other parts of the country, but in San Diego county, it's getting really tough to find deals with a decent profit margin. Banks are getting tighter and tighter on prices here. What are others seei...
I am getting ready to do my first double close deal by purchasing a house from the seller for $250K, and selling it to my buyer for $265k. The real estate agents commission is 6% and closing costs are 4%. What will ...
Hello BP Fam !! I had a question about splitting profits on a BRRRR. My plan is to retain ownership of the property after the refinance and split the profits. If anyone has worked with 2 or more entities on a BRRRR I ...
What's your most profitable deal?This should take into account your time and effort invested as well.
Hello BP community,I have recently accepted an offer on my current residence, as I thought I would be yielding a significant net profit, which I was planning on using to get my first duplex/triplex house hack in NJ. ...
I'm looking at a duplex in york, sc and I'm not sure what kind of profit percentages are good in this area so any advice from someone who has experience in this market would help me a great deal.