Money earned from renting out your property and the expenses from doing so are usually recorded on Schedule E of your tax return.

Your eyes were in the money 4 years ago!

The management company just happened to be hooked into the deal with Growth Equity group and they also provided the interest only hard money loan for the balance of the purchase price. 

So you are buying without writing a check of any kind other than maybe Earnest money.

Your hard money lender might only lend you up to 70% of the ARV, which could help secure your exit.

If you plan on living there a while, an extra living space would be great, but if you plan on selling it soon, I don't think it's a great investment of your time and money. 

Very comfortable with taxes, but haven’t done tax work for years, so sometimes I seek advice on things I’ve forgotten.No one is going to do the level analysis and planning that I do with my own taxes, so I’m fairly certain I’m saving a significant amount of money in legal tax avoidance. 

2) Could your money make more than the interest rate for the home somewhere else?

Hi all,The highest interest rate we have on money we are borrowing is one of our investment homes.

We have a lender saying we cant use cash as a down payment for a house, and that we would have to distribute the money to family/friends bank accounts then get them to wire the funds to the the lender.