What the gurus don't tell you is that they are comparing market rents to the GROSS amount of S8 rent on a voucher which INCLUDES LANDORD PAID UTILITIES!

So of the total interest you paid on that HELOC 62% (80k/130k) won't be deductible.

The LLC only holds the raw land and it's completely paid for.

The members did not observe corporate formality; The Defendant did not pay dividends; The Defendant was insolvent at the time of its actions; The Defendant’s members siphoned funds from the Defendant for their own personal use; The Defendant’s members comingled funds; There are no corporate records; The corporation(s) were a facade and alter ego of the member(s) of the Defendant.

One of them accidentally paid for January rent because of auto pay and is now requesting it back.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

If the investor would like to receive cash flow, I will pay them the $2,507.83 up until the remainer of the 5 years.The remaining profit earned with the $41,315 would be $191,784.80 total if you get paid for the duration of 20 years!

Its dashboard is so cluttered, it hard to see who has paid and who hasn't.

In the past, I cashed out my 401K(Paid income tax + Penalty).

That being said, I would reiterate that several people made the claim that they had done the hard money loan and gotten paid back.So 6 months come and go and I do not get paid anything.