Wiliam Rose
1031 exchange questions
Hello everyone,I am considering building a SFR for the purpose of selling for profit. Rather than have to pay taxes on the proceeds, I would much rather roll that money into an apartment, utilizing a 1031 if I can.Is...
Mark Updegraff
What happens to Big time Blow dealer's house after arrest?
I posted this in the pro area since not much is happening as well as to make the non-pro members pissed they can't read the content :D
I've got a home on a Street where I'm currently showing & just found out that...
Katie Sikes
Tax question for wholesaling/flipping and assignment of contracts
My husband and I have a newly established LLC (taxed as an S-Corp as recommended by our CPA). He does a combination of contract assignments and wholesale deals. We are currently doing our first rehab project and ...
Robert Hernandez
Drug dealer in "C" class neighborhood, how to get rid of them?
I househack a quadplex in a "C" class area. The area is quiet for the most part. We have teachers, groceries employees, and handyman, etc. But, there is one house in the neighborhood where a drug dealer lives. They pl...
Mary Roberts
Dealer or investor, thelandgeek.com, Podolsky
A vital tax question is whether you are classified as an investor or a dealer. If you have to be a dealer, it is a tax disaster.I've learned a great deal from Mark Podolsky and thelandgeek.com guys. A fine bunch of pe...
Leo Hunter
Great news! BAD news!
Hello!I have been listening to bigger pockets for a few weeks now and I think I found my first deal!!! Talk about being super excited. I ran some initial numbers and things look amazing.The property is going for 200k ...
Nick Beers
Newly Licensed Mobile Home Dealer - Pricing
Hi There -
My wife and I own a couple of MHPs in Maine and Colorado. We just got our dealer's license for the state of Maine and are planning to use it to infill a couple of vacant lots that we have. It seems like ...
Manny Cirino
Car Dealer License humm???
So I have been thinking about getting my dealers license as a second business I buy cars for resale occasionally. Do any investors here also sell cars professional I'm looking for any feed back and knowledge you'll wo...
Brandi T
"Dealer" status
Any opinions on how many "buy/sell" transactions it takes to make you a "dealer" in the eyes of the IRS?
Pat Williams
Tax Organization Structure
Where are my blind spots in this tax organization for a real estate developer. A single member LLC (Company X) runs rentals, RE development, and is General Contractor on the development of the properties. The rental...