Hey All, I have a friend who needs help with rehabbing a property in Curtis Park Historic District in Denver. She's been stuck with the city process and wanted some advice about how to get her plans approved. Anyone h...

Option 3: Pay large down-payment on modest rent ready house. 

Jerome has 2 programs, Buy Build Flip for $7,500 and Build Wealth Mastermind for $20K. 

We are direct lenders, meaning we lend our own money, for flips within approximately 1½ hours of our home.We walk through every property to avoid surprises and to confirm the rehab estimate.

Also, I am assuming since you house hacked that you only did 5% down, which then increases your mortgage payments compared to 25% down buyers.

What is the average acquisition cost of the houses?

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Best of luck on your continued journey, HELOCS can be a great tool to utilize untapped equity in a house.

I did 2 fix flips last year. 

House Hacking, STRs, Mid-Terms, and BRRRR are all solid strategies to explore.