has anyone had any experience, from a tax standpoint, in assigning a contract for profit? in other words, what type of income does irs consider this transaction for person assigning?

jim

Hi everybody,
I am 24, work overseas, call Arizona home, and am relatively new to investing. I have made two deals so far (buy and hold REI’s), but I know I jumped into the game without proper planning, and researc...

I would love your input on creative financing options!First the facts:Borrowers / Buyers:Buyer 1: 740+ credit score, Stable long term employment, $75k income per year, foreclosure in 2009 (7 year mark is January 2016)...

I have been looking up and down the east coast for good areas to invest in. After visiting Baltimore and going online researching the market I am starting to consider it for as a cash flow play. I like to buy properti...

I have seen so many people start and stop in the Real Estate business more times than I can count. I recognize that a lack of initial success is going to result in people petering out but what about the people who fou...

I am a real estates agent and will be releasing my first large Multi-family Apartment Complex for sale to my investors. This Deal is 40+ Doors in South Texas, more then half the the units have been rehabbed and of tho...

Have you wondered where the housing market is going in South Eastern North Carolina?
We know that people have certain needs according to Maslow’s Hierarchy of Needs.
Food, Clothing, and Shelter are the essentials t...

My wife and I are looking at a triplex in Florida, we currently live in Illinois and are trying to change permanent residency. We are trying to get a Pre-approval with just her income, she works remotely and I am an e...

One of the most important things that I'm learning is how important tenant screening is. That idea leads to my newbie question of the day:

What is your screening process? What are the things you're looking for in a...

Had our very first tenant apply--good credit, 7x the income, nice guy, but I want to deny him -- can I? 
He has a very poor history of on-time payments after seeing his credit report (like 60%)  -- but his score itse...