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Updated over 2 years ago,
Should I scale using hard money?
Hello everyone!
Okay, I have a question I’m open to hear opinions. So this is my 2nd official year owning my investment business. The first year I did mostly flips. I have my tax returns from that year where I hardly wrote off anything to show that I made a good amount of money. I want to start getting a good relationship with the banks but they wont batt an eye at me or my deals because i just have one years worth of returns. I’m wondering if I should start scaling my portfolio by using hard money to buy rentals and just write everything off and grow my rental portfolio that way, or should I spend this year just flipping and take a hit on my taxes to show that I made a consistent income?