Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement. 

Raise the $600K, do the pre-development work, then “sell” the property to NewCo.  

They’ll hold your hand through the deal process, which is crucial when you’re starting out.

ANd I have a bridge to sell you.. 

I know there is surety bond process and there a a few companies that appear to offer a service (Like Rhino)Furnished Finder has a new feature called Worry Free Waivers but when I tried  to better understand their process, it was clear they have not done a good job of vetting this out. 

Did you inherit this home with a step up in tax basis or will you need to pay taxes on any gains if you sell?

Purchase price: $60,000 Cash invested: $109,106 Sale price: $210,000 Contributors: Peter Vekselman Purchased on 9/6/2024 for $60,000, this Anderson, IN home underwent a $109,106 renovation before selling for $210,000 on 2/4/2025.

This project highlights how purchasing from motivated sellers, making strategic renovations, and selling to retail buyers can lead to successful outcomes.

Have you comped our what four condos will sell for vs. two duplexes?

Well, 90% of the population don’t want to be salespeople, don’t “like” the selling process, and wouldn’t consider a job in sales.