Quote from @Bruce Woodruff: @Jesse Valdez you really need to get out of the landlord business.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

I’m looking to get started in the fix-and-flip business and have a few questions.

Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.

They must be very low odds because insurance companies are in the business of making money, not paying out maximums.

As far as LLC structures and tax strategies you should find a CPA who has experience with real estate and small business.  

Quote from @Joel Oh: Your business must make money day 1.It is so much more difficult to fix the model that is not making money than starting a new business that makes money day 1. 

It would for sure have to be a higher hourly rate than a typical W2 job however as agents are 1099 contractors and there are expenses associated with maintaining our licenses and operating our businesses that usually come out of our commissions.

in my country real estate is not something that is so common,so was asking about the about the degree with the view that it would perhaps get me in track for real estate business.

It’s a gem for insights into running and expanding a business.