When I give the repair bills & purchase price to my CPA, how will this differ from my typical expense deductions, since this is such a huge expense (for me thus far) and the house will have been a work in progress all of 2024?

But progress comes from embracing those mistakes and learning from them.

By investing in these projects, mezzanine and preferred equity investors can support recovery efforts and potentially benefit from the upside when the market stabilizes.To be continued. 

Let’s pretend you create $80k of equity you can extract from each property ($160k total) - now you’re on your way to a much faster “recovery” than sitting on it or investing in a 7% stock.There are even ways to keep that $45k and leverage other people’s money to make the same returns. 

If your market is not doing well with no signs of recovery and you want to explore other options, then maybe you can sell or turn it into a mid-term or long-term rental. 

Richard Helppie-Schmieder Group Saturday mornings 2x month at 8am sometimes in Carrollton, sometimes at projects in progress.

I didn't expect the floors to be as good as new but I did expect there to be a stop in the progression of the problem.

My experience so far has been positive.  4 investments starting ~ 9 months ago.  1 completed with principal returned, others are in progress. 

When flipping there's many things that can come up out of your control that can prolong your progress and therefore your investors might begin to get impatient with getting their return.

I accept that I won’t have every detail figured out, but I know for sure that doing nothing leads to zero progress.