I thought the instant equity was something tangible.  

I've been doing this a long time so I instantly recognized his ruse.

Paid $210k current rents are $800 each, market rents are $950-1200 per unit, market value of the 4 homes is $400,000My goal is to fix up and raise rents to market, then refi at 75% ltv for nice cash flow and a nice payday tooI love real estate What made you interested in investing in this type of deal?

Whether you crave instant updates, prefer a daily digest, or opt for a weekly summary, the choice is yours.

The wrong disaster will wipe out all of your efforts, all of your income from those efforts and create massive liability - in an instant.

This will also be a FHA with a one time close.The plan is to hopefully get instant appreciation after the build, and then put a down payment on another property with a conventional loan.

Rinse and repeat the process above but keep learning other ways to invest, you can not do all flips because this will be taxed heavily, if you build to many airbnbs you will run out of cash, despite having good cashflows, if you do to many single family houses for regular rents, you have to wait few years to get a big payday and you barely cashflow. 

I have a little experience with buying a lot and building a new home in my local market, as I did that with my current home and that is how I was able to obtain over 150,000 of instant equity in my home.

Do I pay taxes on the money that comes into the business acct ro when I transfer a potential payday to myself?

He'd planned to meet with him on 8/7 (tenant's next payday) to get a new lease in place and collect for the month of August.I was a little weird-ed out, since I had no time to do my due-diligence by meeting with the tenant before closing to get an estoppel and talk about getting him under my lease agreement.