There are tons of disadvantages to real estate in an S corp.Also, one main caveat to an S Corp is requiring to pay yourself/shareholders on payroll.

So I’m in a bit of a bind, I have a duplex I’m house hacking we remodeled entire thing, new hvac, electric panels, electric main, updated plumbing, water heaters, furnace, install central air, roof.

My main goal is to just purchase and flip my first property while using the contacts I have back home.

My main concern now is the unfinished porch.I'm receiving bids that are all over the map: some are as low as $1,300 for labor, while others range from $4,000 to $10,000.

The main players in this space are Guidance Residential and UIF, but it turns out that they may just be purchasing a Freddie/Fannie loan on the back end to finance the deal and then structure it differently for the buyer - which isn't in accordance with their religious rules. 

Helens now to be fair he is quite brilliant at construction owns a HUGE underground construction company that he sold to his employees  and loves these type of off the main stream projects and has put many hours into it.. and not made a dime LOL.. he donated one of the fully built homes to the local collage..

Hi @Jorge Vazquez I agree it was mainly lawsuits, scams and fraud that drove up the rates but how are regular investors and homeowners supposed to absorb these huge increases.

The main drivers that go into pricing are LTV, DSCR ratio, and FICO.

If you walked up to Michael Jordan and said, "I want to learn sports" he would walk away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.