Does anyone know if Stessa is going out of business?

However, you can reduce tax liability by:Converting the flip into a rental for at least a year, allowing for depreciation and potential 1031 exchange benefits when selling.Offsetting gains with deductions, such as accelerating business expenses or using cost segregation for rentals.Using an S-Corp for future flips to lower self-employment taxes while keeping rentals in an LLC for liability protection.Deferring deductions to 2025 if your 2024 taxable income is high.While a 1031 exchange isn’t an option for flips, strategic tax planning can help minimize taxes.This post does not create a CPA-Client relationship.

I am no way affiliated or benefit from these referrals, just like to pass along good business!    

Personally, I think this company is probaby about to go out of business - they have lots of inventory, and it's not exactly prudent to be investing in FL in the coastal areas now anyway.  

Not everyone will be successful in this business especially during times when people are essentially jumping on the bandwagon. 

Quote from @Matthew Cook: Dig into those comps with a realtor doing business in that market.

You'll learn a lot here.I recommend focusing on 1 strategy/business model and going all in on that one until you've mastered it and it's stable.

looking longterm who knows what's going to happen in the market.The largest thing to be cautious about is that with commercial tenants you as the owner often have to put up money in the form of a check or abated or free rent to help the tenant get open for business and build out the space. 

I'm excited you are here and ready to grow your business even more! 

I have always had an interest in flipping houses because I get really excited to see run-down houses, walk through them, and come up with a design plan.