At the same time, someone else reduces your debt, and you get to use the tax code to improve your tax situation legally.  

Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

A couple issues with Credit/income on paper.

Do we 1st do tax on the LLC and whatever we split 50 & 50 then each claims on their taxes ?

Compared to other services that might offer lower-quality leads or require higher upfront costs/paywalls, Prime Tracers also give you free lead credits on sign up so you can actually see the results before you commit to a purchase.

- the property is based in Garfield Heights - and that my property tax will be much higher.More details: https://brickbear.ai/share/deal/1/583 Define "area not that great"......It's a high C type area.

According to our understanding:1) California does not recognize REP status, but we could claim it on our federal taxes, is this correct ?

This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.

(Loan paydown, tax savings, etc etc..).