Can You Make $165,000 Profit in 6 Months? Full Property Analysis!
When it comes to flipping houses, time is of the essence. Deals can fall through if you don't act quickly. In this video transcript, my friend Mike shares a potential flip opportunity in LA. The property is a three-bedroom, one-bath house listed for $825,000. It needs a lot of work, but Mike believes it has the potential to bring in a profit of $165,000. Let's dive into the details and see if his numbers hold up.
Tax Implications of Flipping Houses: What you need to know with Derek Fujikawa
Flipping houses can be an exciting and profitable venture, but it's essential to understand the tax implications before diving in. This blog post will explore the tax consequences of flipping houses, including the impact on your income and strategies to minimize taxes on your profits. We'll discuss information gathered from a conversation with tax expert Derek, who has a diverse range of clients involved in house flipping.
