What made you interested in investing in this type of deal?

I made an image showing the steps how to have AI drive for dollars for you in DealMachine.

What made you interested in investing in this type of deal?

Purchase price: $305,000 Cash invested: $75,000 Sale price: $465,000 Horder house made beautiful again.....this was our 7th flip What made you interested in investing in this type of deal?

I recommend that you stay on the safe side and do send 1099s to your wholesalers.You do not need to send 1099-NEC in these cases:You paid the contractor electronically (more on this below)You paid the person a total of less than $600 during 2023Payments for purchasing all kinds of goods, materials, and property, including real estate itselfThe person who worked for you is a corporation, and you made payments to his corporation.

Again, these are made-up examples but when I started, I was looking at one property in Chicago vs THREE in Indiana and the property taxes overall were about 1/4 the cost of Chicago and evictions of 3wks vs 6 months or more in Chicago.

They made it sound like it was something easy to comply with, but if anyone who is a beneficial owner has their ID expire or they move, you have 30 days to re-submit the paperwork.  

I joined after reading 5-6 of the BP authored books and I've loved growing my understanding of the world of real estate investing.I made my first investment this summer and my family is partnering to make a few investments in the next year.

I had a chat with them on the phone as i was curious about the funding.. but came to the conclusion that the down payment ( the client made to buy) was probably what they paid for the property and the seller carry back note was the profit.. and then the seller carry back note is sold to yet another investor.. who is investing for coupon money.   

It has yet to happen for an RE related event but my last threat of being sued was last month (and unlike most suing threats, we had made some minor mistakes on this one).