And I used the small profits to put towards savings for my next project or for maintenance on my house.Based on my experience...I would do the same over again.

At that time he said the project will be done my Mid Jan 2024 or at the latest end of Jan 2024.

They completed the project and now are working with their RE agent to get this property on the market.

You will need to work with a tax professional to analyze your current tax situation (income, deductions, activities, etc.) as well as projected income from the fix and flip business.The benefits have to outweigh the costs (payroll costs, additional tax returns, more stringent reporting and compliance requirements, etc.).One important note - an S Corp is not an entity; it is a tax election.

The home is just the security for the debt and if you aren't paid back with your interest you will be able to foreclose on the future (3 years in Louisiana or 18 months if blighted).

The type of property you choose—whether it's a project you can rehab or a ready-to-move-in option—will also influence the type of financing you'll need.

If you were bidder 5999, there was some discussion about your church in that group and you might find someone interested in your project there.Good Luck

As a note, a 5-10 unit project would not be economical under the HUD 221d4 program. 

New construction project in Radcliff, KY.

The 401k can accept rollovers from any other qualified retirement plan except the Roth IRA (for now, there is proposed legislation so that this restriction may be removed in the future).