Having the VA option is certainly a benefit and we're excited to get started now.  

On larger deals, I've actually seen LTVs come down in the 50%-65% range, depending on the type of property/experience of the developer.

Florida’s got options; it’s all about digging in and making the right move!

If you sell at an actual profit, yes there will be tax.  

Most of the time, an ADU will cost 100k just for that part and then you have to actually build the cosmetic part for an additional 40-50k. 

I did it to get an answer, I didn't think I was actually going to be invited onto the podcast though. 

Wholesalers (no offense to those in the comments) who are doing this without being a foreign entity are probably co-wholesaling which is on the borderline and practically acting as an agent without a license or getting referral fees by having actual wholesalers on the ground doing deals and they just provide the leads which is different than wholesaling.

It's a hobby for maybe 80% of the people who say they are wholesalers, and maybe 10% of the wholesalers in SA or any big city actually have a business. 

Assume that you're sitting on:$200,000 in suspended passive losses$150,000 in business losses$100,000 in expiring NOLsThe Magic Transformation:That $500,000 of "painful" ordinary income becomes your strategic advantage:Absorbs all $450,000 of those otherwise-stranded lossesLeaves you with just $50,000 net ordinary incomeMeanwhile, your §1250 gain still gets preferential rates:$581,820 at 25% max (unrecaptured §1250)$700,000 at 20% max (capital gain)The Plot Twist:What looked like a tax nightmare actually solved multiple problems.

When I have some free time, I'll research other options that won't cost a fortune for the small guy.