I’m a new investor based in Kingston, NY, with a focus on the Hudson Valley and Catskills regions.

For an auction.com purchase in Washington you have 2 options. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

People were so quick to say he was way off base.   

Based on my calculations, even with a low down payment, I can achieve positive cash flow (with aggressive enough house hacking).

If it is a contractor that is more organized they will likely do this already, if they are shooting from the hip "based on experience" they will likely just give you a total $ value. 

We are in 11 markets, including Huntsville and would be happy to set up a call to talk over some options. 

I recommend finding a US-based bookkeeper who specializes in real estate and doesn't have too much on their plate.

It's a loan based on your revenues.

However, you can reduce tax liability by:Converting the flip into a rental for at least a year, allowing for depreciation and potential 1031 exchange benefits when selling.Offsetting gains with deductions, such as accelerating business expenses or using cost segregation for rentals.Using an S-Corp for future flips to lower self-employment taxes while keeping rentals in an LLC for liability protection.Deferring deductions to 2025 if your 2024 taxable income is high.While a 1031 exchange isn’t an option for flips, strategic tax planning can help minimize taxes.This post does not create a CPA-Client relationship.