He wanted me to paypal him 750 so that he would send the 20k needed to bridge the gap in the loan.The easiest way to spot a red flag is to start with going through a title company. hopefully you did nto give this person your social security number or other private information.

I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “. 

I think it would be financial suicide to give up a 500k a year job that you know how to do and is secure to launch into thinking your going to replace it with rental income.. unless your sitting on 5 mil plus in  cash with no debt.

My updated expected monthly rental income will be $2,800, resulting in a cash flow of $795 per month (excluding my share of the split utilities).I plan to set aside at least 80% of my cash flow for property-related expenses.Additionally, I’ll be installing keypads and security cameras for enhanced safety and operational efficiency.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Is it normal to pay anything upfront besides a down payment on Private Money Lender financing dealDoes this look legitimate to you guys https://drive.google.com/file/d/1WXAqllCuZVMjkv6HjqLmv-gw3bmwPqr2/view?

I’ve been securing great deals for clients in the Hampton Rd area. 

It is a very secure investment, and it is almost impossible to lose money on this deal.

In 2018, we had a property turn and the net cost to you out of pocket was around $500 (costs to repair minus the security deposit that was returned to you.)

Ask for higher security in person have them back out on their own if they still want the place you will be safer with more security