Quote from @Tyler Kesling: I have a goal of purchasing my first property July 2025.

I recommend that you stay on the safe side and do send 1099s to your wholesalers.You do not need to send 1099-NEC in these cases:You paid the contractor electronically (more on this below)You paid the person a total of less than $600 during 2023Payments for purchasing all kinds of goods, materials, and property, including real estate itselfThe person who worked for you is a corporation, and you made payments to his corporation.

I would like to purchase another duplex in the near future and am looking for a possible turnkey.

Purchase price: $144,900 Cash invested: $13,000 This is a charming 4 bedroom, 2 bathroom home in Bossier City, LA.

Figure out how to fund the purchase.

I have construction loan on the current house I'm building and used similar strategy (land was purchased outright and used to cover majority of the down payment).

., ones that are almost rent-ready, and finance the remainder of those purchases with DSCR, etc.?

Why do you think purchase contracts are so long and have such small print?

Hello, we are middle of purchasing our 2nd property.

Hey y'all, Recently purchased an abondoned car wash, converting to storage units.