Do you own any apartment building now of 5 units or more

@Schaan Donaldson this would be a prohibited transaction and could cause the entire IRS to become a distribution triggering penalties and taxes.  

If an Accountant, a CPA or a tax preparer or anyone who is giving you this advice ...... ( I am not saying anything ).Here is another think - as you are flipping properties you do know that you are supposed to pay estimated Income Tax on your gains.

It’s always good to start building local connections, although it’s still very important to conduct your own research and run your own numbers.

However, have you considered taxes?

I mean can I take a 600k loan to meet a 3 million dollar building's down payment and cash on hand requirements? 

Can anyone recommend a mentor for tax lien & deed purchasing ?

It’s a market that’s been growing steadily, and I’ve learned quite a bit about the pros and cons of investing in new builds versus existing properties.

As a hard money lender, I pride myself on transparency and building strong, trustworthy relationships with my clients.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.