Wholesaling Expenses - Posted by ChrisB
Posted by ChrisB on May 08, 2006 at 17:57:53:
At first, a group of friends wanted to put some money in and go into rentals but that didn’t push through (Again, thanks to Clint for his excellent advice).
Now that I am on my own, I plan to do some wholesale properties. From this is site, I read the articles and got a hold of the forms. However, there is just some expenses not discussed.
Please correct me if I am wrong but some expenses are:
- Title Search (maybe)
- Closing costs
- Marketing Costs
And once you do make a profit, how are you taxed (most likely as income?).
Many Thanks in advance.