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...
I'm like many here, just getting started, and doing as much homework as possible.
I live in Las Vegas, and Nevada has its own MH division. Any dealer has to be licensed through...
Would it be practical to have profits from rehabbing projects and wholesale assignments all under one entity? Or do these two fields each require their own company?
Hey everyone. I’m working on a manufactured homes project in Austin Texas. I need help figuring out which type of contractor is needed to install a manufactured home in Austin. Any info would be appreciated. Thanks!
Anyone else have experience with wholesaling a vehicle you (or your company) personally owns?
Specifically trying to get a sense of the discount to expect vs. the time/effort I will spend listing online trying to sel...
I am a real estate agent, I flip some properties in 2010. One of the property I bought , after the fixup I sold it as seller finance deal in 90 days. I need advice on if I may claim as a real estate professional or a...
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 ...