What’s been your biggest win (or lesson learned) in distressed property investing?

Loving all the threads in the app and learning from seasoned investors!  

Most hard money will be interest only payments on the full approved balance of the loan whether or not if you have pull the draw funds for repairs.If you have any other questions, post them in the same thread below so that we can all learn from the answers.

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

It’s definitely smart to evaluate the tax and cost implications of your funding options.

If so, there are no transfer taxes due. 

I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me. 

I am now shopping to replace, but curious where I can learn more about the pros and cons regarding a policy like the one mentioned.  

Pretty much think of a commercial loan process as a residential loan process backwards.Lenders do go off the income of the property, but they also do check out the purchaser...3 years tax returns and a personal financial statement. 

An other advantage of paying with credit card may be that you will not have to send the provider a 1098 tax form (only an issue if the total yearly amount is over $800).