Comments on: Flipping the Real Estate Property http://www.fairviewheightsrealestateagents.com/fairview-heights-real-estate-market/flipping-the-real-estate-property Providing Information about Fairview Heights Real Estate market Wed, 03 Aug 2011 02:57:10 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: kemperk http://www.fairviewheightsrealestateagents.com/fairview-heights-real-estate-market/flipping-the-real-estate-property/comment-page-1#comment-45 kemperk Fri, 23 Jul 2010 10:39:59 +0000 http://www.fairviewheightsrealestateagents.com/uncategorized/flipping-the-real-estate-property#comment-45 fact; 75% of homes flipped do not complete escrow or the buyer fails to make the 2nd payment. flipping is almost a dinosaur. why not keep and rent out?<br><b>References : </b><br> fact; 75% of homes flipped do not complete escrow or the buyer
fails to make the 2nd payment.

flipping is almost a dinosaur.

why not keep and rent out?
References :

]]> By: David Z http://www.fairviewheightsrealestateagents.com/fairview-heights-real-estate-market/flipping-the-real-estate-property/comment-page-1#comment-44 David Z Fri, 23 Jul 2010 10:37:59 +0000 http://www.fairviewheightsrealestateagents.com/uncategorized/flipping-the-real-estate-property#comment-44 the gains will be split up and each of you will report your share of the gains on your personal tax return in the year of sale.<br><b>References : </b><br> the gains will be split up and each of you will report your share of the gains on your personal tax return in the year of sale.
References :

]]> By: toanlysd http://www.fairviewheightsrealestateagents.com/fairview-heights-real-estate-market/flipping-the-real-estate-property/comment-page-1#comment-43 toanlysd Fri, 23 Jul 2010 05:35:13 +0000 http://www.fairviewheightsrealestateagents.com/uncategorized/flipping-the-real-estate-property#comment-43 <b>Investing in Real Estate and Property Flipping using LLC?</b><br>What are the advantages of using an LLC to purchase Real Estate as far as Taxes are concern. I know that LLC is a good way to protect personal asset but what about tax xconsequences? I have a handful of 15-20 investors who are interested in pooling together some funds to buy and flip real estate. My main question is, if we buy and flip for a profit, do we have to pay for the gains in the given year, and if so, what are the rates. If we kept those funds in the account and reinvest in another property without giving distributions to any of the investor, would that eliminate the tax liability on the sale of the real estate property? Investing in Real Estate and Property Flipping using LLC?
What are the advantages of using an LLC to purchase Real Estate as far as Taxes are concern. I know that LLC is a good way to protect personal asset but what about tax xconsequences?

I have a handful of 15-20 investors who are interested in pooling together some funds to buy and flip real estate. My main question is, if we buy and flip for a profit, do we have to pay for the gains in the given year, and if so, what are the rates. If we kept those funds in the account and reinvest in another property without giving distributions to any of the investor, would that eliminate the tax liability on the sale of the real estate property?

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