As a new fix and flip investor lenders will typically want to see 20% down payment and will be able to fund 20% of the rehab budget (80% LTC). 

We are starting to explore options for buying his shares to eliminate him as a risk and a roadblock but still have funds leftover for growth.

Now, as a mortgage banker, I’m passionate about helping others navigate the world of real estate finance and make their investment dreams a reality.

They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

Do you want an investment that you can use yourself such as a short-term rental in an area you like to vacation in, or does it matter which type of asset it is?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

First tenant was on a fixed income as a retiree, so I was hesitant to increase the rent after the first lease period.

BFS FINANCIAL SOLUTIONS is posing as a lender, or they legit.??

BFS FINANCIAL SOLUTIONS is posing as a lender, or they legit.??

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.