I'm particularly passionate about fixing and flipping and long term rentals. 

We work primarily with Single family flips or buy and holds.

I started my real estate investing journey earlier this year by buying an out of state property in Detroit Michigan with the goal to fix and flip as a turnkey.

For now, we were toying with flips, brrrrr, buy and hold, multi, even construction of multi, but... the numbers just do not add up in this market, so we are waiting... who knows for what... great deal or recession...

It will be ok one day, then flipped the next.Thanks!

I’m a new investor looking to do fix and flips, buy and holds, and potentially wholesale deals.

I recently put two new clients from BP in their first ever bridge loans for a fix and flip in my PA network and they bought for like 180k and I got them 90% financing and between the downpayment, closing costs, holding costs and fronting the GC I partner with the deposit they will need to extend like 45k - 55k to see through a 5 month project where they will net about 30k - 40k after all taxes and expenses. 

I have 2 questions as it relates to taxes for fix and flipping.

Most people who ask this type of question when they are new forget that you need a minimum of 15k reserves on any property.If you just boil down BRRRR, you can't do it without money because it's not a flip, it's a rent/refinance so you need money for a downpayment and money for the rehab.

Start with house hacking, buying rentals, flipping, and consult an accountant for tax and deductions.Good luck!