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Updated over 9 years ago on . Most recent reply

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5
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Walter Sauls
  • Richmond, VA
0
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5
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can a church flip properties without losing it's 501 c3 status

Walter Sauls
  • Richmond, VA
Posted

I'm the treasurer of a small church. We are looking for ways to invest the savings account for a better return. We have the money currently invested in CDs. When i get the statements it's obvious that the bank is the only one benefitting from our investment. My thought is to purchase single family homes to flip. I'm not looking to provide low cost housing, my thought is to sell to the general public as any other investor would. 100% of the profit would go to the church to fund maintaining and expansion of our facilities as well as support for missionaries and local outreach. Does anyone know if we can flip properties without effecting our 501 c3 status. 

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