Hello, just needing some clarification on capital gains rules. If i flip a house in under one year thats short term cap gains correct? At what percent does that get taxed?
now heres the caveat. I heard/read somewh...
With year end getting close I am trying to figure out what to do with my businesses to minimize my taxes. Cash is king. Can someone please help me. The online tax calc seem to not line up with my calculations.
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If I start a house flipping BUSINESS under an LLC, do I still pay capital gains tax like an individual would?
I purchased a property last summer in Mobile Alabama for $38,000. The deal was financed using hard money at 12% and the total loan was $65,000. After closing cost I received approximately $24,000 for repairs from the ...
I purchased my first rental property and assigned it to my new LLC. The LLC is a single proprietor entity. The property needs a few repairs and money set aside for the current tenants' safety deposits. Is it appropria...
When acquiring a property, is there any benefit to taking out less leverage on a property? Let's say you finance only 50% versus 70% of the acquisition price.
Why would anyone pay for a property with all cash or more...
I had been reading an article on marketwatch (https://www.marketwatch.com/st...), the part that stood out to me were the possible changes related to real estate that may be put into place. - eliminate the $25,000 exem...
Why we don’t like ARR (Average Rate of Return)
It’s easy to skew the numbers.
Here's an example of a positive ARR of 12.5%, but the investment loss is $50.
Year 1
Start Value: $100
End Value: $25
...
Hi guy- I'm wondering how I should report on my tax return an unsuccessful flip?
A bit of background - I bought 2 properties out of state using hard money loans last year. Turned out things didn't go as planned and ...
My wife is looking to sell her house in the very near future, as we’re looking for more cash flow friendly investments. She originally purchased the house as an owner occupant in 2014, lives there til February of 2017...