Giedrius C.
Passive investor in flipping and self employment tax
I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, m...
Tommy Benson
Question for veteran wholesalers
How does taxes work for wholesale income? Specifically is it considered capital gains even though you get an assignment fee?
John Pelaez
Avoiding capital gains....
I recently bought a duplex and am going to rehab one of the units. It should cost me around 5-8k to do so. In the mean time I sold a property and profited about 38k. I know i will have to pay taxes on the 38k. My ques...
Matthew Fletcher
Real Estate LLC Income And FICA
Hello,
I'm Starting A Real Estate Business With A Friend, And It Will Be Member Managed. The Entire Business Will Be Rental Incomes. I Know That This Type Of Income Is Not Subject To Fica. Can We Avoid Fic...
Dave Versch
Tax advantages?
Hi. I am just getting started as a real estate investor. I am about to close on a single family property which I'm paying 39K for. There's a Section 8 tenant who pays $675 per month. I'm using my HELOC on my resid...
Derek Whitener
Tax implications of "Investor" vs "Dealer"
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...
Pete Fiannaca
Need Advice... Buying a vehicle as a business expense
Hey folks -
Would love to hear from those who own vehicles that are considered business expenses. Jumping from 1 to 5 units soon and I will be buying a used truck to have on hand for building materials, appliances, ...
Peyton LaBarbera
Can you 1031 a fix and flip?
Let's say you have a property that will take just a bit over 12 months to renovate and sell... now the rule for 1031s is that you can only use them if you hold the property for at least 1 full calendar year so does th...
Matyas Sustik
Sweat equity taxation
I hoped some experinced members could point me to the right resources on the following situation.Assume you syndicate a deal and as part compensation for putting the deal deal together, for finding the right property ...
Chris Lynch
What REIT'S are you investing in?
I know the Real estate market is on an uptrend and in my opinion it is going to break out to new highs soon with economic factors like low rates being increased along with increasing demand as the economy strengthens....