You also qualify as REPS, so your flipping income could be tax-free if you really strategize well.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

of course he may have been a clueless dude in Indy and other markets and to me the money he was making just blinded him and his wife.. the move to Portugal was strategic to the extreme.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

Pair these steps with robust tax planning to manage profits and losses effectively while aligning your portfolio with long-term goals.This post does not create a CPA-Client relationship.

So I learned the business of Construction through flipping as far as how it should look, fair pricing, the language of contracts, but with Nate I learned the strategic strategy and ready to get started building my portfolio! 

This successful project highlights our teamwork and ability to maximize value through strategic investments and improvements.

There's no reason to go ALL financing or ALL cash, but to be strategic about how to use your funds to acquire more properties as opportunities present themselves.Hope that helps with your thought process.

The folks cheerleading that it’s easy or typically the folks that haven’t done much of it themselves.. hopefully that’s a little clearer. just need to do robust SEO  or so thats what I have heard.. all our deals come from Networking .. 

That market from what I can see on the few trips I made to perform due diligence is really robust and such a pretty area I can see the attraction for those working in Tech or govmit in DC.