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There is no doubt that on a one off basis you can do it cheaper, but having the infrastructure to turn 5, 10, 25 or 50 units in any given month is not simple and requires a real commitment.

So simple find someone that does deals, make a few bux for a finders fee.

Without that designation, your K1 losses remain passive and can only offset passive gains.If you’re looking for a true tax deferment strategy, consider a 1031 exchange for future sales to defer capital gains by reinvesting in a similar property.

A hard money loan is designed to be short-term, and you must refinance or sell anyway. 

@Kwok Wong it should be as simple as contacting your preferred lender and telling them you have a house you are ready to finance.

I use very simple contracts when direct with sellers.

To make things simple, let’s consider the following expenses:Rental property taxes: $500Repairs and maintenance costs: $1,000Utilities: $1,200Property management fees: $2,500In this case, the total allowable expenses are $5,200.

A nice SFR (single family rental) brick home or perhaps a duplex but for your first purchase actually, wise to just stick with an SFR to keep it real simple.

-CJ Johnson Life House Design and Construction San Diego, CA