Sale prices and demand is still incredibly hot all over our SE corner of Wisconsin.

Purchase price: $200,000 Cash invested: $17,000 Buy and hold in the hottest market of SE texas What made you interested in investing in this type of deal?

I'm currently originating a loan for a S/E individual who's using bank statements to qualify.  

I restore/rehab and flip just SE of the triangle, but have worked in that area too......

I live in SE PA.

Here is a link to the IRS website regarding federal gift taxes: https://www.irs.gov/businesses/small-businesses-se...I hope that helps!

IF you don't provide substantial service, you would still fill out Sch E and not pay SE taxes.

ARV $200,000 70% LTV $140,000 Purchase Price $ 85,000 Rehab Cost $ 70,000 Purchase+Rehab $155,000 Down Payment $ 15,000 Monthly Pymt @ 12% $ 1,550 Total Finance Charges 6 months $ 9,300 Loan Points @ 3% $ 4,200 Realtor Selling fees 5% $ 10,000 Misc carry, selling, closing cost $ 6,000 Sales Price $200,000 Total Cost $184,500 Pre Tax Profit $ 15,500 Cap gain + SE Tax 30% $ 4,650 Net $ 10,850 Net / Total Cost 5.88%

I need a business structure to reduce the SE tax and S-Corp income tax.Can I invest capital in a development LLC as PASSIVE partner together with all other passive partners, then have my LLC S-corp as manager - I'm the manager of the LLC S-Corp.

There are several wholesalers in SE Michigan--a few of them are quite good.