At the end of the day, both of these respective vendors/individuals are paid when the deal closes. 

I’m here to connect with like-minded individuals, exchange ideas, and continue learning from this incredible community.

A community of growth oriented, abundance mindset, go-giver individuals with a BARE MINIMUM commitment to become financially free through real estate investing.We focus on providing education and building networks to help every member solve their cash-flow freedom equation, so they can have the time-freedom needed to follow their passions, make a lasting impact and even change the world!

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.

Think about your individual chances of being affected.  

While I’m still in the early stages, I’m incredibly motivated to learn, grow, and surround myself with like-minded individuals who can help guide me along the way.What drew me to real estate is that I saw it as the best route for me and family to have financial freedom.

I have partnered with individuals on fix and flips but my goal for 2025 is to buy my first LTR.

Some of the easiest deals my dad did were taking a large piece of land and subdividing it into smaller pieces and then selling them off individually.

In order to create enough equity to refinance out all of the investment OR MORE targeting properties that need substantial rehabs is where BRRRRs bread is buttered.

Personally I like 1 savings and 1 individual checking for each property.