Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

Would the LLC need to prepare a partnership return for the dividend income and capital gains?

Most people I know start with low money down programs so they can get away with a initial capital investment of around $25k but you also need reserves.  

Second, by working with an investor does this mean partnering with them and using their capital for investment properties like fix and flips?

Depending on comfort and cash, it might be a viable option as you can build equity and then sell without having capital gains, assuming it's your primary residence and you've lived there for 2 years.

If anything, at least wait a year so you don't pay short-term capital gains on the sale of the property.I need to find some more deals like that here in Chicago...where in Houston was this property?

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However, there’s a catch—I’m looking to partner with an investor to help provide the capital needed to complete the deal (would need to raise around $200,000-500,000).

If you have any questions about Foreign National financing, feel free to connect.

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