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Is flipping illegal? Flipping in the form of buying a property and then reselling in the same condition you purchased for a profit. In one city I invest in it looks like it is illegal. Was wondering how this could be...
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Hello I am new to the real estate and house flipping world and just was wondering if there was any tips/advice for a newbie. Do I need a real estate license to house flip?? Do i have to use my own money?? what are som...
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Hello, fellow BiggerPocketers! I've been listening to the podcast for the last couple months and I finally decided to join this awesome community and create my first post.
As the heading suggests, I am gradua...
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When considering real estate flips, there are a few ways you can look at profitability. Primarily how I evaluate a deal is off expected rate of return. Secondarily I focus on projected profit.
Risk assessment is cru...
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I have two questions...I read somewhere that you pay taxes when you do a flip but not Capital Gains tax if your intention was to flip... can someone explain? Here's somethings we are looking at.... we have held a hou...
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I know it's dangerous to generalize, but it would be interesting to know what the BiggerPocket community thinks of the recent survey by Action.com that was posted in Appraiser News Online that states that real estate...
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My husband and I have an LLC for our flip business, which is also a licensed general contractor business, in Oregon. I personally also have my Oregon real estate broker's license, which I obtained to help with the bu...
My name is Temoor I would like to to take the dive into real estate in Houston area mainly in the flipping side. I've been doing some reading on flipping and I feel as this is a good way to start in the real estate w...
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Can your c-corp qualify for real estate professional status? The company is owned by two S-Corps and taxed as partnership, S-Corps owned by entrepreneurs in other endeavors and can not qualify for Real Estate Profess...
Hi everyone,
I’ve just read j. Scott’s flipping houses, Phil Pustejovsky’s real estate investing gone bad, and Sabi Sheperds real estate flipping. I currently work two weeks per month. I have a fair amount of downtim...