I have been doing my research for the past few months and I have been trying to investigate all aspects of "the flip." One question I have is- How much do most of you generally pay, percentage-wise on captial gains. I...
Good day!!I am trying to get started in the real estate flipping sector of Investing. Currently I have no initial start up money. How or what is best method for creating capital to make my first purchase.
If I know I'm going to have capital gains , would it be best to spend the money that's going towards tax on the gain or spend the money on capital improvements to bring up the cost basis?
Hello guys.I have a question. I am wondering if I do a Master Lease Option on a property,what date is the effective date as it relates to determining capital gains. If I decide to buy and later sell the property;date ...
I purchased an investment property and lived in it whilst renovating. I am told upon selling I will have to pay around 25% cap gains tax(in north carolina). The only way I am aware of to avoid this is to live in th...
New investor in the Michigan Real Estate Market. Currently working a full time job as a Logistics Engineer in Novi MI, and have an accounting degree from Central Michigan University. My goal is to make REI a full time...