Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.

If you do have large gains you’re allowed to combine them as mentioned above.

A bank will not give you the $ as you have to show ability to repay the loan. 

I have experience in the flip, rental, space and can help with the loan, and the real estate broker piece.

Hi All, I'm in need or a reliable tool to use when underwriting short term fix & flip loans.

This reminds me of the discussion around pricing things at $x.99 instead of $x+1.00.EXAMPLE: $4.99 instead of $5.00Everyone "knows" that the price in the example is basically $5.So, why do billion dollar companies, spending more on marketing departments than everyone's combined income on this thread, STILL use the $x.99 pricing format?

Sell your car and get a loan on a new car.

However, transferring a mortgaged property to an LLC could trigger a due-on-sale clause, so consult your lender before doing so.While an LLC does not save taxes, it can make audits more straightforward and help present your rental as a business and you can combine all the hours from multiple STRS into one to meet the MP requirements.

However, it is perfectly acceptable to combine all tenants’ security deposits into a single account.

Also, $625 for capturing pictures and building a 3D model of the house to go on the website.That leaves $16,338 for adding two bedrooms, among various other mostly minor fixes and cosmetic stuff.I put 20% down on my loan.