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OctoberFlipping Properties – What are the tax issues to consider!
Flipping Properties
Flipping houses
can be a great way to make a living or a handy lump of cash quickly, however it
involves
Finding the right propertyFinancing can be on a short-term basisGetting the number rightExecuting the makeover and selling in the shortest time possibleGetting the right tax outcome is critical to your net return!
What is Property Flipping?
What is Property Flipping?
Flipping a property is buying at one price, then doing a strategic makeover to sell quickly for a higher price.
Buy-to-sell (BTS)
To some property flipping is trying to buy at a big discount to