I am Sam, a newer real estate investor living in Nashville TN.

Hi Sam,As discussed in the post above, a Partnership and an LLC are 2 separate legal entities.

Hello,I’m Sam a Licensed Contractor in San Diego, CA.

Often the impact of that could be losing to uncle Sam as much as 50% of the amount you take out.If your 401k has loan provision, I would encourage you to explore this option instead.

My CPA suggested I use my W2 and my Rental Income and basically not claim much if any of the tens of thousands in expenses that I incurred in the Rehab process.He says I will have to pay Uncle Sam a pretty penny up front, but that I can then take my 2 years of tax statements and get the refinance done.

That is like paying someone $1 to avoid sending Uncle Sam a quarter.  

Hey Sam. A

It is unlikely that in seller financing the seller is having the buyer fill out a 1003 application which is signed under perjury laws and then sell the note on the secondary market insured by Uncle Sam. A

@Sama Pa @Natalie Kolodij is excellent

If interest rates go to 8%, 9%, 10%, or higher, Sam’s mortgage company is going to become more active in finding wrapped mortgages.