Private money lending.

Quote from @George Goldstein: You know how when you buy a used car from a private seller you tell the seller to say he sold it for $3000 instead of $18000 so your dmv tax is lower?

I financed this deal using a combination of cash and a private lender.

With private patio and great Williamson County SchoolsWhat made you interested in investing in this type of deal?

I was told if I could show a professional license such as a broker license I might get approved but the best option would be a Private Investigators license, otherwise, they didn't see any other path to approval for me or my company.

@Mike H.I would find private money to buy this, or as the seller to hold a note, with no payments for 3-6 months, for you to lease it up.

You can purchase the first one with a private loan from your dad or cash to minimize risk, and leverage a second or third property with a bank loan and the rest of your cash.

If you'd like more information on one of these, then private message me.

And now your building a community and reputation with the BEST finance-$ there is, PRIVATE-$.

Poor wording in the original post.I emailed the CPA and said that the advise does not seem to be correct and received the following response:"Forming an LLC alone doesn't automatically turn passive losses into active losses.