Flipping and Capital Gains
Posted by admin in Law and Tax
A common dilemma for real estate investors is the issue of flipping and taxes. In this article, we look specifically at the tax issues associated with flipping and capital gains.
In recent years, people have been looking at the real estate market as they once looked at the stock market, eyes filled with dollar signs. Flipping became a popular real estate investment strategy to make fast cash. However, one thing that people forgot in their haste to play the game was to be properly prepared with the knowledge to avoid paying high taxes on their profits. Towards that end, here’s some noteworthy information about taxes as you think about your flipping strategy. Read the rest of this entry »
Flipping Real Estate for Profit
Posted by admin in How To Flip
There are lots of cable television shows these days that feature “flipping” houses for profit that make it seem like just about everybody’s doing it. For the uninitiated, flipping a house means buying a house at one price, then improving it in a short amount of time to sell it again quickly for a substantial profit. Most people who flip there first house have dreams of making an enormous profit very easily, but it’s not that simple. Complications almost always come up, and you have to be very aware of the area, what the market will bear and which improvements are worth the investment to flip a house successfully. Read the rest of this entry »
Flipping vs Keeping
Posted by admin in How To Flip
NO contest.
I have written about this for three years. I know there are seminar leaders discussing it
Nationwide, adnesua.
Let me set the record straight. THERE are two things at battle here. Read the rest of this entry »
Top 7 Tips for New Real Estate Investors
Posted by admin in Property Investment
As a real estate broker, I meet plenty of people at dinner parties who, when the subject comes up, mention that they are real estate investors. The conversation will go on for a bit, and I typically classify the person in question as either a true investor, or a real estate “investor.” True investors typically have a number of transactions under their belt, realize that they’re still learning, and are open to any insight I can provide - and I am always open to their insight. The real estate “investor” typically has never actually taken the leap and bought a property purely for investment, doesn’t realize the difficulties of real estate investment, and proceeds to overwhelm me with their “expert knowledge.” What they should do, is listen. Read the rest of this entry »