The agent puts a lot of time into finding and showing you potential properties.

AB 968 will make it more difficult for first-time investors to "flip" our quickly "house hack" homes since anything resold within 18 months.

And you don't have Schedule C to deduct the business expense.This might have changed if your RE portfolio was run like a business and/or you have a partnership; the partnership would then deduct the travel expense as an ordinary business expense.As I said, it gets complicated quickly.

Hello Denis,I apologize for the delayed response; I’m new to the platform and still getting familiar with it.Let me quickly share a bit about myself.

Quote from @Shayan Sameer: Tapping into the equity is always great when it comes to recycling money quickly as you would a flip.

Build a solid team, analyze deals quickly, and network with local agents, lenders, and contractors.

Must be only one at a time, right?

I emphasized the quick closing timeline and my ability to pay cash via hard money financing to strengthen my offer.

Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?

It is our full time job (so no other W2 job for us).