Is their any way around being called a dealer by the IRS. Like flipping properties under an LLC or some other entity. Could some please help me umderstand this one.
I have house hacked a few times now where we buy a foreclosure, renovate, then sell a house at the two year mark so taxes have not been an issue. We now want to flip a house on the side, outside of our primary residen...
Hi All-I was hoping to get the communities input and any recommendations on any good, reliable wholesalers/deal makers in the Twin Cities. Mostly looking for SFH in the metro area in decent neighborhoods. Any insig...
I am considering a monetized installment sale and would be grateful to connect with anyone who has done one before. This is a difficult transaction to get comfortable with and not a widely known strategy.For those no...
I more than doubled the size of one of my communities and I wanted to share a few resources that I have found buying new homes for those spaces.We have bought homes through TruHomes and Clayton Homes. Clayton homes ar...
Where are my blind spots in this tax organization for a real estate developer. A single member LLC (Company X) runs rentals, RE development, and is General Contractor on the development of the properties. The rental...
If I transfer a property into an LLC does that start the 90-day seasoning requirement for FHA loans over again even though I am the member of the LLC?
Thanks.
My husband and I have a newly established LLC (taxed as an S-Corp as recommended by our CPA). He does a combination of contract assignments and wholesale deals. We are currently doing our first rehab project and ...
We are operators with a $15M portfolio generating good returns over the past several years. We are looking to raise a $30-$50M investment fund to scale. We have spoken with some syndication/fund formation attorneys an...
I househack a quadplex in a "C" class area. The area is quiet for the most part. We have teachers, groceries employees, and handyman, etc. But, there is one house in the neighborhood where a drug dealer lives. They pl...