Good morningIf I have  250 K capital , can I make 120 K a year from flipping?

I’m an OOS investor with capital.

They can become a vital part of your investment pipeline, especially when you’re not tying up your own capital.

We started with $1MM of our own capital, and have since grown to about $25MM through raising private money and utilizing bank lines of credit.

Yes, you can still deduct the expenses of the rehab even if you received rent before starting the capital improvements.

Also, consider the benefits of long-term capital appreciation and building equity as you pay down the mortgage.If you have questions about this process or need information on financing options as you expand your investment, feel free to reach out.

If we wanted to sell it now, would we pay capital gains tax since we transferred it to our business?

We do have multiple entities, not just properties, with multiple different ownership groups, various capital accounts, cost segregated depreciation schedules, different EINs and we use QBO to facilitate 1099 submissions as well.  

I am considering whether asking  the bank for a loan over the property to use this capital to buy another fix -flip property   Or to sell the property,  ( maybe  wholesaling because closings costs would be expensive leaving no profit left)  I am here to read your ideas on this.

Athas Capital used to be the king of ALRs before COVID, but since they have closed up shop, I've not seen any lender offer very competitive terms on ALRs.