I’ve worked on projects from traditional rentals to Airbnbs, and I’m always interested in connecting with investors like yourself.

First off, congratulations on taking the first step into wholesaling!

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Hi Pricilla,There is no down payment on a refinance (only for purchase) but you have to "leave equity" in the house when you refinance a house bought with cash.When you do a cash out refinance, your closing costs will be subtracted out of the refinance loan, so no you do not come with any cash to the closing table.Yes, you can use the cash out proceeds from the proceeds to buy another property.

The due date for 1065 returns is March 17th this year.Yes, you can deduct all property related expenses on the 1065 return. 

Purchase price: $204,000 Cash invested: $30,000This deal was an almost brand new construction in an up and coming area on the outskirts of Houston, TX.

I'm sure you will need tools to find deals (eg price/sqft etc), estimate rents, calculate cash-on-cash returns, cap rate etc.

You make $7K on the $175K property or $40K on the $1M property. 

For tax purposes, you’d report the three fully rented units on Schedule E as rental income and expenses.

The app stopped working on my Android.