Hey Rachel - Glad to see you are using pasive income the smart way to build your REI wealth! 

This might be a workable scenario for me.Lack of experience would not kill this deal for us but it would depend on a few things.Usually the biggest challenge for newer investors is in the amount of equity you have available to infuse into the project.You need to have a cash down payment to secure financing.With 25% Down you would be in a multiple financing offer situation where we're just fighting to get best deal possible and batting off Wholesale Account Execs left and right.

Arrived distributes the rental income quarterly.

The income and expenses will always be tied to you bc the mortgage is in your name. 

You could try selling as a seller financed deal..20%+ down to cover RE costs and balance to seller..He would hold a private note for 2-3+ years and be taxed on the income.

Originally posted by Account Closed:@Ember MeadowsIn the buyer section of the contract, I write ABC Fund, LLC &/or assignsWhen it comes to "opening title" I then take the contract to the title company that I wrote into the contract with the earnest money check made out to them.

I would advise you sync up with a real estate-focused accountant to discuss further.

Investment Info:

Townhouse fix & flip investment.

Purchase price: $115,000

Cash invested: $35,000

Sale price: $240,000

Move in ready, fully renovated townhouse, 2 bedrooms with 2 1/2 bathroom...

Could actually have driven our future projected revenue up, to drive the potential Net Operating Income up. 

oh yea, I recently started my own business (2021 was my fist year in business, commercial door company, non real estate related venture) and gave up my w2 income and was already denied another refinance on my primary due to lack of self employment history. this was with the bank my business uses with and they want 2 years of self employment income on the books. end of 2022 will be 2 years so financing may be an issue if I want to 1031 now, but i havent really thought all of that out yet either.