He is a man of his word, says it like it is and is extremely knowledgeable.

I want to get deeper into real estate as that has always been my dream, just never pulled the trigger on any other deals for a nunber of reasons.

We'd each contribute equal capital into the partnership, but our competitive advantage is that he'll live near our properties, is an extremely skilled contractor, and can thus manage and repair/improve our properties more affordably.

You would not want to trigger a problem that would prevent your financing

He is sitting extremely liable.

Would this trigger an tax implications?

@Deneuve BrutusThank you SO MUCH for the reply, that was extremely helpful!

Bank reporting could be used as a way to trigger audits in the future.

Got my 1st renovation and flip transaction done all y’all’s post and responses to my questions have been extremely helpful I appreciate this forum a lot !!

When you throw in the fact that these are likely conservative figures and you also get a place to live, it makes sense to pull the trigger.