@Jay HinrichsI try to avoid historic districts at all costs.

In December 2024, 67.9% of homes sold below the asking price, indicating potential opportunities for buyers to negotiate.

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

You are still going to have holding costs and a heloc will just have less holding costs that you would if you were doing a personal line or hard money. 

Then if I have additional concerns I call in an expert to get further information and an estimate on what the repair will cost.

We offered 407 and asked for closing costs.

Only extended exposure to your preferred market allows you to have this clarity and understanding about a property’s long term potential.

Yes it does, needing to keep the books and properties seperate for proper Tax Reporting and any 1099s you may need to file can be costly.

More like a 101 of taxation: you had a reserve of losses -> it helps when you have profits.And a tax geek addendum:I also do not see a direct link to cost segregation benefits here.

Take your sales price, minus selling costs, minus any capex, minus purchase price and that’s your taxable gain.