Quote from @Kevin Lynch: Greetings,I'm excited to join the BiggerPockets community, though I've been an avid listener of the podcasts for some time now.

I bring deals already put together so lenders just need to process.Each time I begged them to be honest had adequate time to have gotten loans from other lenders.They have no clue

At times, we outsource as a result of time constraints or to leverage someone else's expertise.

A quick formula you can use is your estimated purchase price times .0134. 

The book is already available on the website but I did not know that at the time! 

While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.

However, when STOA first started going down the tank, they were negotiating with me on interest because selling them on MLS was a different entity at that time.  

@Marcus Stokes, house flipping is a full-time business operation, even with current market conditions.

I had two lines of credit one unsecured for 5 million ( check book) and another for 10 million that we would secure them up with .. but you need time to do that bank required appraisal etc before we could tag the secured line and even at that they only lent 72% in these commercial loan structures..

The challenge of negotiating against a seller who purchased at the wrong time, invested with the wrong contractor and was losing money on the sale.