Originally posted by @Amanda Elsberry: I am interested in a property that my real estate agent says requires 25% down, since we don't have that I wanted to get a credit union loan for the down payment (owner contract for the rest) but my agent keeps telling me they will not accept borrowed money only cash.

Hi Amanda,I'm a newbie to BP.

Listed to podcast 162 with @Amanda Han, she is a CPA and explains it in more detail.

You have great taxation folks here like @Amanda Han and @Brandon Hall and @Steven Hamilton IITreated as regular income unless you buy it and held for 366 or more days.From Steven Hamilton II```You need to realize the two are separate things and you DO NOT want to have flips and rentals in the same entity.

Han

@Amanda Elsberry Talk to a local title co., spend a couple hundred bucks on a title search.  

Originally posted by @Amanda Elsberry:Hi everyone, I posted a couple questions on here recently and have since been contacted by a few members offering a loan.

BTW, I'm a self employed and I understand that self employed is very hard to get loan so how do we get leverage to get the deal.Sincerely,Han

Amanda, you don't give specifics, so I can only answer in generality.

@Amanda Elsberry  My pleasure.