Originally posted by Ryan Richard:Randy F.

@Jay Hinrichs Yes, I got mine back and my Accountant took it that same year, saved the next one for this year, which offset my taxes both years- very helpful to keep for the years where I made more money than others.Yes, I am a Realtor in both Charlotte, NC and in Charleston, SC- I own a three bedroom short term vacation rental in the Wild Dunes resort just outside of the Charleston Penninsula in nearby Isle of Palms, SC- that's the one that I did the Cost Seg on that saved $278 K.

Use the loan, along with private or hard money, to purchase a fixer multi family rental, then refinance and use the re-fi money to pay back the LOC.

That’s exactly what FI sounds like a fart-can.

As a quit my IT job guy (thanks to passive income >> FI) I caution to not go with a desktop/pc based business tool where if the pc/laptop blew up was stolen you'd loose data.  

I live in Goose Creek, SC.

(you can find how much suspended passive losses you currently have on your IRS Form 8582 - which your CPA is likely not giving to you and in that case you should get a new one)PS - I am not an CPA or attorney but I became FI doing this for myself after 10 years working as a w2 engineer :( and I am sick and tired of seeing highly educated and hard working professionals getting stuck.

Hello All, I'm a new member from Columbia, SC.  

In case anyone was wondering what I've been doing over the past few months...The flip is flipped.https://www.biggerpockets.com/forums/223/topics/446029-23-years-young-first-flip--36-k-p-r-o-f-i-t

In order to achieve FI to the point I don't have to work any more OT I need $x per month.