I a different note, can I use the house a place to store the property and allow previous owner access to get their property out.

Welcome to BP Lamar, I am also in Austin man, a young investor like yourself.

There is a provision in place that allows for withdrawals/releases under certain IAs if a party or business qualifies and whathaveyou...

Hi Victor,I also fell into real estate investments after my Grandpa gave my brother and I a commercial property.

J Scott I a glad you call people out, it keeps it real here.

My time is pretty limited, so I a happy to have them manage.

All,Ok it was my fault for not providing all the details but man a lot of you sound jaded.

Steven Hamilton II What do your recommend for this situation:My wife has W2 librarian income, I have 1099 appraiser income, and I want to start wholesaling.I was recommended to create an LLC taxed as a partnership with my wife and I as members and run my 1099 and wholesaling income through it.

I wasn't considering p/i as a portion of the expenses since its usually viewed bundled with your debt.Thanks for the quick replies guys.

The deals I'm doing in Iowa produce about $500 a month cash flow, 40% cash on cash return, but I look very hard at the big ticket items listed above because they can ruin your numbers quickly.