Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

conventional mortgage vs 401k money to buy a flip
Hello!
Input greatly appreciated.....
I have cash to fund the rehab portion of a flip..my partner now wants to buy the property with a conventional second mortgage that she has already prequalified for. What are the tax ramifications of her giving me 1/2 the profit since the house would essentially be in her and her husband's name? How difficult is it to find a good deal when you can't buy at auction with cash and you have lost the all cash leverage of making an offer on a preforclosure? Wouldn't getting a home equity loan be easier than a conventional mortgage? Thanks for any and all input or advice!