Once you're at a $3,000 net loss, that amount can offset other income as an adjustment on your tax return. 

.: Have agreed on terms on a hard money loan to an investor I know well.

I will add value in the future after current tenant moves on.... with a complete reno

I typically build in an inspection contingency into my offers (yes this reduces my competitiveness of my offers, but its also a safety net to protect my bottom line).

@Samantha Stephens my experience is the property is only available for those will OO to bid on during this period.

Whether you’re scaling with DSCR loans, navigating Hard Money for fix-and-flip projects, or exploring other creative financing strategies, I’m here to offer value and insight.A bit about what I can help with:*DSCR Loans: Perfect for BRRR investors and buy-and-hold strategies, focusing solely on property cash flow without personal income documentation.

Some investors say it’s the perfect time to get deals done, while others prefer to wait until the new year.What’s your strategy for managing fix-and-flip projects during the holiday months?

It really is unique on how they run their meetups. 

They will have requirements on how you can document the transfer of funds.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.