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Real estate flipping makes a comeback – Extra

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 · Despite hours of yelling, dancing, massaging and hugging his way through the first of a three-day wealthfest, Armando Montelongo, the 42-year-old minister of get-rich-quickdom, real estate.

 · Brian Peavey’s company, ProfitShare, uses direct mail, door hangers, social media, real estate agents and personal connections to find homes to flip in Boise, Idaho. To make its offer more attractive to sellers, ProfitShare promises an additional payment once the flip has sold.

Real Estate Investing: Learn to Fix & Flip , Step by Step! 4.6 (632 ratings) Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.

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 · House flipping is on the rebound – and that’s not good for everyone. The top markets were Las Vegas, with flips making up 10.5% of all sales, followed by Daytona Beach, Fla., at 9%; Tampa, at 8.4%; and Memphis and Fresno, Calif., both at 8.2%. “Investors are picking up their game after several years of flat or declining activity,” says Ralph McLaughlin, Trulia’s chief economist.

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 · Just like a doctor, real estate agent or most anyone has to pay ordinary taxes on their wages. if you are flipping ten houses a year, holding them all for over a year and then trying to pay only long-term capital gains on the taxes, the iRS may say you are.

r/RealEstate – Self-Employed in Florida: Do I need minimum 2 years at 1 job to qualify for a mortgage? Am I Required to File a Form 1099 or Other Information. –  · If you own a small business or are self-employed, use this IRS guidance to determine if you need to file form 1099 or some other information return. If you made or received a payment during the calendar year as a small business or self-employed (individual), you are most likely required to file an information return to the IRS.

But an exterior BPO makes the. been turned by real estate investors. “The [buyer] demand is for 100 percent move-in ready condition,” says Bobby Montagne, CEO of Walnut Street Finance, a private.

 · Tables and chairs made of real wood – You can find these at almost any thrift store or estate sale. They often need sanding and a new coat of finish to look brand-new, which makes your potential profit margins high. vintage lamps – Lamps can be hit or miss, but many vintage lamp styles are currently in style.

Good news folks; one of the foundations of economic prosperity in the 2000s – manufacturing products other countries want house flipping – is making a comeback as trillions. paper stock.

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