Do you need the tax write offs?

For a business doing fix and flips, I can't see how any tax savings can outweigh the additional leverages and costs of vesting this way.Cheers!

Especially if they gain tax deductions that might be worth as much the income. 

If you buy a property for $80K - you will need to put atleast 10% down towards the purchase price ($8K) PLUS closing costs such as lenders fees, title fees, and insurance and tax costs.

@Elliot Angus To structure this deal, consult a Qualified Intermediary (QI) for 1031 compliance, a real estate attorney for seller-finance terms, and a CPA to ensure tax deferral.

Think we are past the big springtime push.Was starting to look at taxes for this year.

I've seen landlords held hostage for years by tenants who know how to manipulate the law.On the other hand, sitting vacant costs you the mortgage, taxes, utilities, insurance, lawncare, and other expenses.

That’s not a lot of tax savings but it does give you $68k so you can put down 10% on your $650k home.

I made an offer on a double, it turns out that it's on two parcels with two separate tax cards but deeded together. 

From a tax reporting standpoint though, I am curious why showing a profit is even a concern.