The IRS does not allow real property Dealers to use the Installment Plan method of accounting. This means that if the Dealer does an Owner Financed sell, he/she is responsible for the tax liability for the entire pape...
Hey all, quick question. When doing lease option assignments or when assigning subject-to contracts, are those situations in which you'd have to worry about the "dealer" classification tax-wise? I know it can be a com...
Hi Everyone -I am looking for a good counter top dealer (i.e Quartz, Marble, Granite) in the North Jersey area (perhaps in Newark?). Need to get a counter top for my rental unit.Any suggestions?Thanks!
Hi Everyone -I am looking for a good counter top dealer (i.e Quartz, Marble, Granite) in the North Jersey area (perhaps in Newark?). Need to get a counter top for my rental unit so I am looking for very competitive ra...
My husband and I purchased our first investment property. We renovated it and found tenants to move in on the first of this month. Today, someone randomly reached out to us and warned us about this tenant. That he is ...
I didnt realize they COULD do this. How naive I am!! Last nights news paper article described what MANY car dealers are doing these days.
You trade in a car,owned or leased, and the dealer promises to pay it off. ...
Hi everyone. I've noticed that some states require licenses while others don't. I'm going to begin buying my first property at the end of the month seller financing it using private lenders.
I can't find it anywhere...
Anyone have recommendations on building suppliers in/near Champaign? Primarily looking for a window dealer I can develop a relationship with, but any other suggestions would be helpful. I'd like to step away from the ...
Hello everyone. So my father and I decided to buy a property together to flip in Spokane Valley, WA. This will be a short term flip and should be completed in 2-3 months. Doing some research shows that with short term...
My husband and I are slowing flipping homes. We live in each flip while we rehab and then sell. Can I treat these flips as a sale of my home? Until I get to a point that I no longer live in them? That way I still ...