Anything over that in my mind is just outright generous and an offering before God.

@Noah Bacon and @Mindy Jensen - can we figure out what this guy was doing on BiggerPockets and see if any patterns emerged that will allow us to flag if a future bad actor is attempting to do this kind of crap on our platform? 

In Austin, I know Horizon Bank has been open to more creative financing strategies too, so it’s worth checking with them.One thing to keep in mind is that the terms can vary wildly depending on the institution, so I always recommend reaching out to a financial advisor who’s well-versed in life insurance-backed loans before pulling the trigger.

Unfortunately, you miss out on a lot of the cool tax benefits you’d get with long-term real estate investing—like long-term capital gains rates, bonus depreciation, 1031 exchanges, depreciation, etc.Another thing to keep in mind is that when you buy a property to flip, you can’t just deduct the purchase price right away.

There are other form companies that would be able to help, but a CAR form is going to most likely provide some familiarity to the seller as they've probably seen them before, and an attorney will be able to give you peace of mind. I

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

The hardest part in my mind is getting financing if you are not intending to pay all cash.

From what I’ve read recently in the Wall Street Journal, the IRS doesn’t seem too picky about who manages the property initially.. what matters is that it’s actively being rented out.Now for Question 2, the key part to keep in mind is whether you hit that 100-hour rule in terms of participation for 2025.

There are a million different ways to do this but calling other owners is not something I had in mind. I

The first one that comes to mind is property management.