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Flipping Houses Has Become A Fascinating—And Sometimes Very Fulfilling—Way To Make Money. By Taking An Ordinary House And Making It Extraordinary, You Can Make A Ton Of Cash From Improving It! All It Takes Is A Bit Of Hard Work, Style, And The Initial Investment—And Voila!—Success. Welcome To FlippingBasics.com, Your Free Guide To Everything You Need To Know About Flipping Houses. Here, You'll Find Free Resources, Articles, And Information On Our Helpful, Easy-To-Use Site.

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Revealed: 9 Important Tips To Successful House Flipping   Home Flipping 101: Make Maximum Money With These Methods   Flipping Houses: Common Blunders That Flippers Make   Hot: 3 Tips To Help You Find The Perfect Home To Flip  
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Flip This House!
A recently well publicized phenomenon in the real estate world is the concept of buying a house for cheap, fixing it up, and then selling it at a profit- known as “flipping”. This is not a new concept, but the idea is gaining in popularity as it becomes the topic of a wide variety of television shows and documentaries. This article outlines the basic idea behind the flipping concept, as well as some observations about where the money seems to lie and how to get the best value. Start low, aim high: The fundamental concept of the flip is making a profit by buying a house at a low price based on projects that must be done in order to get it resellable, then doing the work and putting it back...
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Flipping Houses: Make a Profit with Real Estate
Real estate investing is responsible for creating more millionaires than any other investment method in the United States today. Flipping houses is a common technique utilized by many real estate investors that can earn big profits, fast. Real estate is an excellent investment because no matter what happens with the economy, people will always need homes. Before deciding to get involved in flipping real estate, research is in order. While it's possible to make a fortune flipping homes in today's real estate market, it's also possible to lose money if you don't know what you're doing. The basic premise of flipping real estate is this: Buy low, sell high. Sounds simple, doesn't it? ...
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Real Estate Investing - Makeovers vs. Flipping
Please don’t call it "flipping." Some real estate investors who practice the technique of buying property for immediate fixup and resale call it "flipping houses." I have never liked this term, for it strikes me as reference to a gimmick. It seems "flippant!" It sounds like crude tagging of a very noble undertaking. Fixing up cheap properties is raising values in America's housing! It is a profession of dignity. I think the makeover process deserves reverence for providing people with a better place to live. Without proper maintenance, all housing deteriorates. You can find cheap houses everywhere in dire need of repair because of neglect and abuse. You can buy these depreciated houses...
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Tax Tips For Real Estate Investors Using Ira Funds

Author:
Stephen Nelson

You’ve seen the advertisements and news articles. IRA funds can be used to make real estate investments. But before you jump on this bandwagon, make sure you understand some of the tax planning angles related to this opportunity.

Passive Loss Deductions

Almost always, an important component of your real estate profits comes from the tax savings associated with depreciation. These paper losses, referred to as passive losses by the Internal Revenue Code, can save both small and professional real estate investors thousands of dollars a year in income taxes. Unfortunately, passive losses from depreciation and related, similar tax deductions won’t benefit real estate investors investing through IRAs.

Capital Gains Preferences

If you sell an investment for a profit—whether a stock or real estate—you get a tax break because your profit gets taxed at a preferential capital gains tax rate. In the best case scenario under current tax law, for example, your capital gains get taxed at 15% rather than at 35%.

Unfortunately, by putting real estate inside of an IRA, you lose this benefit. In effect, the appreciation you enjoy from your real estate investment gets taxed at your marginal income tax rate rather than at the capital gains rate. (Fortunately, the tax gets paid when you withdraw the money.)

Note: This “problem” also exists for other investments that produce capital gains, such as stocks and mutual funds that invest in stocks.

Unrelated Business Income Tax

In certain special circumstances, an IRA needs to pay income taxes on the profits it generates. These taxes, called unrelated business income taxes, essentially put the IRA investor in the same position as a regular taxable investor.

For example, if you’re developing and then flipping properties inside your IRA, you may actually be an active trade or business. And in this case, your real estate investment—even though it’s inside an IRA—may be subject to income taxes. (Your IRA custodian is supposed to report your taxable income and tax liability, and then pay the taxes but many don’t…)

And here’s another example of a situation where the unrelated business income tax can trip you up. If you borrow money to invest in real estate—the typical situation in any leveraged real estate investment—the profit you earn on the money you’ve borrowed is treated as unrelated business income. Accordingly, that profit is subject to unrelated business income tax.

Unrelated business income inside an IRA is taxed according to trust taxation rules, which means that as soon as you’ve made much money at all, you’re taxed at the highest marginal tax rates. Ouch.

Closing Caveats

Real estate is a great investment. And real estate belongs in any investor’s portfolio. But you need to think carefully about buying into the idea of using your IRA to make real estate investments. If you do decide to invest in real estate through your IRA, first consult with your tax advisor.

About the Author :

Delaware LLC formation author & CPA Stephen L. Nelson has written more than 150 books. Formerly an adjunct tax professor at Golden Gate University—the nation’s largest graduate tax school—Nelson is also the author of QuickBooks for Dummies. Copyright © by 2006 by Stephen L. Nelson, CPA. Contact him at http://www.llcsexplained.com/doityourself_Delaware.htm.


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If you like the article above, you may be interested in the following article which is also related to Flipping Houses...

16 Tips to Buy Real Estate Successfully
16 Tips to Buy Real Estate Successfully by D.S Peter 1. Do not overanalyze. You may lose a lot of great opportunities to make great deal of money. Start making offers. 2. Get the property under a contract first with a safety clause. 3. Ask fellow investors, real estate broker about the property value. If it makes sense go ahead with the purchase. 4. If you are buying for a quick flip neighborhoods do not matter. What matters is the $$$ you are going to make. 5. Your perfect buy should be a house/condo/building in excellent condition and in a good neighborhood. 6. Your Second choice should be a cosmetic fixer in a good neighborhood. 7. Inspect the property. Try to get as many things fixed by the seller as possible. Check the neighborhood. Drive around the block. Look at the houses in the neighborhood, what is their condition. Look at the cars parked in the street. Old cars normally can tell you a lot about the neighborhood. Trash on the sidewalks can spell less then great neighborhood. Which in turns means you should buy and sell quickly (most of the time). Renting in those neighborhood could be challenging, especially for the new investor. 8. Use a real estate agent or broker. My first great deal was found by a broker. Try to get access to the MLS so you can look for deals yourself. 9. Shop around for Financing. My experiences with the loan officers tells me one thing. Email them your questions and ask them to email you back their answers or put them on paper. They tend to always change terms and rates (though illegal), and put junk charges. 10. Try to reduce your Title/Escrow charges review them with an experienced investor or real estate agent. 11. Use a real estate attorney for your foreclosure/pre-foreclosure purchases. 12. You...
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house flipping - Yahoo News Search Results
04/14/2014 09:01 PM
The Duck House, Sue: The Second Coming, Oliver: what to see at the theatre this week
The Duck House | Sue: The Second Coming | Oliver! | Jack And The Beanstalk | Let The Right One In | The Last Voyage Of Sinbad The Sailor The Duck House, Cambridge & London Such was the gnashing of teeth from the public about the MPs' expenses scandal of 2009 that it would be hard to write a comedy about it that us mere tax-paying voters would find amusing. But, say writers Dan Patterson and ...

03/26/2014 11:47 AM
'Flipping Out' Season 7, episode 4: Jeff Lewis' finicky new client is a cat-tastrophe
Zap2it has an exclusive sneak peek look at Wednesday's (March 26) episode of "Flipping Out," the long-running house-flipping series on Bravo starring real estate guru and designer Jeff Lewis.In the clip from "Back Flipping," Lewis and his team must design mini-cat doors for his cat-loving client in Pacific Palisades. The small door into the laundry room doesn't seem that insane -- it's probably ...

04/01/2014 01:42 AM
'Flipping Out': Exclusive Look at Season Premiere (Video)
The Hollywood Reporter debuts an exclusive look at Wednesday's episode. read more        

04/15/2014 05:55 PM
House overwhelmingly rejects 'crimes against nature' repeal
The House has overwhelmingly rejected a repeal of the state's ‘crimes against nature' law. This despite strong support from the House Committee. The vote 27 to 66.

03/31/2014 09:18 AM
7 Things Not to Do When Flipping Houses
Mold, wood rot, warped floors, a dated bathroom -- these problems might seem a nightmare to the average home buyer, but to a seasoned flipper, a house full of flaws could mean profits. With the housing market improving after the 2008 crash, house flippers -- and reality TV shows about house flippers -- are back. [...]

04/17/2014 02:06 PM
House freezes school privatization debate
The question of whether voters should be allowed to "flip" public schools into private entities has churned for months in Vermont. After lengthy debate on the House floor Wednesday, the issue has been tabled. For now.

03/29/2014 11:40 AM
Love lives here
To think help for generations of sick children and their families started with the flipping of a burger at a fast-food restaurant. Dara Courpice is one of the latest to need the help provided by Winnipeg's Ronald McDonald House, part of the system known around the world as the House That Love

04/02/2014 09:22 AM
How To Invest In Real Estate
Have you watched cable TV lately? There’s a type of show that disappeared with the housing crisis but has now made a return: The house flipping show. Yes, they’re back. People hoping to make a fast buck ...

03/24/2014 10:57 AM
What You Should Know Before Dipping Into Home Flipping
"The math never lies," says Brandon Turner, senior editor and community manager for BiggerPockets, a website for real estate investors, and a veteran flipper near Olympia, Wash. Investors flipped 156,862 single-family homes in 2013, according to RealtyTrac, which defined a flipped home as one bought and sold twice within six months. The average gross profit for a completed flip -- or more ...

04/08/2014 08:30 AM
ZINC Financial Reports House Flipping is Booming in California and Extends Special Offer to Investors
Data confirms that house flipping is up 114% in the United States since 2011. Due to the fact that the house flipping market is currently so profitable, ZINC Financial has announced a new offer for its rehab real estate financing programs. (PRWeb April 08, 2014) Read the full story at http://www.prweb.com/releases/privatemoneylenders/realestateinvestorloans/prweb11733672.htm

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