Future flips should focus on negotiating better deals and ensuring a strong after-repair value (ARV).

I’m about to tell you about a deal that could have easily fallen apart, but instead turned into a $200k profit after a lengthy eviction process.

Is this a good deal?

I’m pretty busy with my job as it’s a 24/7 industry, I don’t have time to handle aggressively hunting for off market deals however I could still do it with mailers, as I’m in no rush to purchase right away.

Are you currently analyzing any specific deals or markets?

My idea for wanting the HELOC is to have access to funds for future deals.  

What made you interested in investing in this type of deal?

Here’s why selling your primary residence to your LLC and then renting it back isn’t a good idea from a tax perspective:Self-Dealing Doesn’t WorkFor tax purposes, a single-member LLC is considered the same as you, so paying rent to your own LLC is basically just paying yourself.

That said, what is not clear is whether your CPA prepares a partnership tax return for the deals where you guys partner up.

Dealing with a dead body was a lot easier and cheaper then some of the nightmares i experienced.I still can't shake the memory of the one who painted the ENTIRE house in feces art. 2 stories, every room.