Excellent insight showing just how ridiculous this “don’t need capital, just drive for dollars” nonsense is. 

Quote from @Raymond Whitley: Not sure if Goosehead is in your area, but a broker like someone at this company can really help you in challenge times for insurance like this current market with so many carriers dropping out completely or raising rates on everyone. 

Owning the dirt and renting the house is a great plan.

Here is the story:We sold a portfolio of rentals to a single buyer and part of the deal is we held back a 10% mortgage. 

@Thomas F Blaskey If your gain after expenses is minimal (~$15K), selling outright is straightforward, with modest taxes on the gain (15%) and depreciation recapture (25%).

My business is under a LLC but my properties are in my name.

Both take a lot of work, but when they are done together, that is when you uncap your potential.What do you think?

Below is the market update that I sent to all of the owners that we work with.

“WOKE comes to Hardmoney Resi trans loans LOL”Indeed, @Jay Hinrichs.Hard Money is derogatory.Private Money is deceptive.No one knows what a Bridge Loan is.Now we do Residential Transition Loans.I’m afraid we will run out of space on our business card

Here is a detailed look into this issue:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...