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HomeForumsRehabbing & House FlippingFlipping - Taxes
Derek Kerley's profile image
Derek Kerley's profile image
Derek Kerley
  • Investor
  • from Jupiter, Florida
  • Member since Oct 23, 2014
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Derek Kerley's profile image
Derek Kerley's profile image
Derek Kerley
  • Investor
  • from Jupiter, Florida
  • Member since Oct 23, 2014
Connect
Derek Kerley
  • Investor
  • Jupiter, FL
1
Votes |
13
Posts
Rehabbing & House Flipping

Flipping - Taxes

Derek Kerley
  • Investor
  • Jupiter, FL
Posted Dec 18 2014, 09:33
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it does not make sense to flip. Any help would be greatly appreciated!
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