And uses all of the proceeds allocated to the investment portion he will defer all tax. 

I'm looking for the a platform similar to this, where I can get daily leads, and a deal where every time I close on a property the lead company would take a portion of the wholesale fee.

A question I have been pondering within myself for some time and figured here would be a good place to get an answer.I currently own a home that has close to 100k in equity in it, we plan to move in 3-5 years to our long term house and would be sizing up a fair amount.So my question is should I use the equity to fund investments/projects, or should I save it and roll it all into my next house so I can have it paid off sooner/lower my monthly.

Does lowering your loan size lower your rate?

Hi @Rhea Jeong,The situation you're describing is actually pretty common, especially for first-time investors looking to maximize their purchasing power.You’re correct that some lenders will consider a portion of the rental income when determining how much you can borrow, typically in the 75-80% range especially for FHA loans.

However, if you have a Single-Member LLC (SMLLC), it will need to file the BOI.Entities that must file the BOI include:1.Small and Medium-sized LLCs: Typically required to file unless they meet specific exemption criteria, such as being highly regulated or having significant gross receipts.2.Single-Member LLCs (SMLLCs): Required to file because they are legally separate from their owners, even if they only have a single owner.3.Other Non-Exempt Entities: Any business not meeting the exemption criteria must comply with BOI filing requirements.Filing Deadlines:•Entities created or registered before January 1, 2024: Must submit their BOI by January 1, 2025.

The tax authority may have only assessed the value of the completed portion or the property for part of the year.

Your portion will be deducted from your proceeds.To your question, however - if somehow you managed to avoid paying the taxes and closed without the taxes accounted for, then the new owner would have to pay all of them or would have a tax lien placed against the property.

In total, we spent about 6 months ironing down the window size, materials, color, and any exterior changes visible from the street.Getting Exterior Changes ApprovedGETTING TO WORKOnce you get through historic and planning, the building department (ISD) is a whole different animal to wrestle.

Future rental income is not able to be used.Keep in mind that retirement assets (401K, IRA, etc) are eligible towards reserves, and so are any other investment accounts.Rental income is only used towards the income portion of qualifying, not towards assets.Hope that helps.