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Post: New guy from St. Louis

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  • Posts 2
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My name is Dave I am 21 years old. I personally have never done any REI but worked with my dad on a couple rehabs and liked it a lot. I told and my dad that I wanted to start off on my own and he said that was alright but I needed to do everything on my own than and he will make sure I dont make any mistakes. So, that is why I am here.

Post: finance questions on rehabs

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  • Posts 2
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Hi, I am new to this site pretty new to REI. My dad has done a couple rehab house but he holds them for some time to avoid being taxed. I want to start rehabing houses then sell them as quickly as possible and not holding them. I was wondering what the best way to go about this and making the most profit as possible. What would be the best way to pay for this as I dont have an insane amount of money I am most likely going to have to borrow from the bank. Also how could I avoid being taxed twice?