I ended up writing all my ten year projections out by hand.

If someone has a link to share, rather than writing the whole thing out, I understand completely.

. :)Sorry for any mistakes in my writing or any left out info, I'm fairly tired...

You put together Other Peoples' Money, structured through an LLC, with the goal of getting an asset-based loan for this $50,000 house.Maybe you want to put e.g. 25% down, etc. on this property, but hoping not to have to pay all cash for it.Generally speaking, how much assets or cash would this LLC have to have jn order to get a bank to write a loan for this $50,000 house?

thank for the info. i meant tax exceptions and writes off lol. but how would one go about using a property thats paid in full clean title as collateral. would it be better to take equity out the home (while its being rented) or is there another way to finance the purchase of another property using the existing one as collateral.

Sorry, but based on your writing and description of events, it's difficult to tell what's really going on here...I will offer this though -- if you're not comfortable representing yourself in a transaction, you should have your own agent.

Does she get to write off $30k as a loss?

I've been writing offers for clients main in Spokane, Tri-Cities, Snohomish/King County and properties are being absorbed extremely quickly often times with multiple full price offers no finance contingency.

I am a student from the Flip to Freedom Academy and they advise is to write enough offer in the beginning so we are comfortable with the contract and etc.

You goals become real when you write them down or organize them together like you just did.