I am liking what I am reading as far as the terms and options are concerned with Quickline Capital.

What is the real benefit of claiming your short-term rental income in Schedule E?

. - for as narrow or as wide of a net you may want to throw out for your own “real estate investing.”But if you should still have an inclination to trust some guru with a paid mentorship, I’d suggest to go above and beyond their standard contract, which will likely stipulate what you owe them in far better terms for themselves than what they owe you in return for your money: I’d ask them to stipulate - in writing - what “mentorship” your money (at each level of a “workshop”/“education” they expect you to pay for) will actually get you, and for how long.

First step would be to take to a lender to get pre-approved, that will determine what properties that you can look at and what price points.

"off-market" is such a vague term and can literally mean anything to anyone.

You'll save on labor costs and have better quality control.- Start small: Begin with a modest project to learn the ropes without overextending yourselves.- Create a detailed business plan: Outline roles, responsibilities, and how you'll handle decisions and potential conflicts.- Build a network: Connect with real estate agents, wholesalers, and other investors to find good deals.- Educate yourselves: Learn about local market trends, zoning laws, and permitting processes.- Set realistic timelines: Account for your full-time jobs when planning project schedules.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

If you were to do a cash out refinance after the property is completed and take out that equity, you could pay off the heloc and lock in a lower long term rate on the home.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

@John DeanPrivate money would but private money is short term so you are more liquid and I believe borrowers on private money are a lot more qualified and you have much lower ltv than you would on a seller finance

I would highly recommend that you focus on what you want to start out with first, flip or long-term rental.