House Flipping - Business or Investment?
House Flipping - Business or Investment?
May 12, 2022
illinois.edu
This key difference between how flipping income and ordinary income are taxed is pivotal. | BiggerPockets
0:43
This key difference between how flipping income and ordinary income are taxed is pivotal. | BiggerPockets
5.1K viewsSep 2, 2024
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Income tax bracket calculation
Income tax bracket calculation
4 months ago
exceljet.net
If you’re flipping houses, you get destroyed on taxes. Nearly 50% of your profit is wiped out paying uncle sam. But in the last 5 years, I’ve flipped 200 houses a year and haven't paid a penny in taxes. Not because I didn’t just screw over the U.S. government. But because of a legal tax loophole specifically designed for flippers just like us to avoid paying taxes. So while you thought you had 20% margins… You really only had 10%. If you want to learn how to keep an extra 50% in straight profit,
0:49
If you’re flipping houses, you get destroyed on taxes. Nearly 50% of your profit is wiped out paying uncle sam. But in the last 5 years, I’ve flipped 200 houses a year and haven't paid a penny in taxes. Not because I didn’t just screw over the U.S. government. But because of a legal tax loophole specifically designed for flippers just like us to avoid paying taxes. So while you thought you had 20% margins… You really only had 10%. If you want to learn how to keep an extra 50% in straight profit,
54.5K views6 months ago
Facebook7 Figure Flipping
If you’re flipping houses, you get destroyed on taxes. Nearly 50% of your profit is wiped out paying uncle sam. But in the last 5 years, I’ve flipped 200 houses a year and haven't paid a penny in taxes. Not because I didn’t just screw over the U.S. government. But because of a legal tax loophole specifically designed for flippers just like us to avoid paying taxes. So while you thought you had 20% margins… You really only had 10%. If you want to learn how to keep an extra 50% in straight profit,
0:17
If you’re flipping houses, you get destroyed on taxes. Nearly 50% of your profit is wiped out paying uncle sam. But in the last 5 years, I’ve flipped 200 houses a year and haven't paid a penny in taxes. Not because I didn’t just screw over the U.S. government. But because of a legal tax loophole specifically designed for flippers just like us to avoid paying taxes. So while you thought you had 20% margins… You really only had 10%. If you want to learn how to keep an extra 50% in straight profit,
91.6K views6 months ago
Facebook7 Figure Flipping
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