Creative Financing for 700k in property, Low (current) Income
Looking for recommendations on creative financing for two properties that I own outright. I currently have low reportable income due to recently going completly self employed in 2023, and rehabbing these two properties in 2022 and 2023.
Property 1: 3 unit mixed use. Half the property is my office which was rehabbed in 2022 and partially into 2023; second half are the two apartments. (estimated 475k in value total)
Property2: Single family home. Currently rehabbing the entire property, planning on moving into it at the end of december. (estimated 225k in value once completed.)
I own other properties that produce a decent profit and my business does well, however all the expenses related to the two rehabs are pretty much knocking out all my reportable income for tax years 2022 and 2023.
Any advice is appreciated.