Should i pull a equity on the flip house untill i sell?

That can be good or bad.Hey may be eager to help people out in his Ward to improve it and put his stamp on things before he is up for re-election, or he may not have the pull to sway things to change.

I plan to pull out 80% of the ARV as long as it leaves me with a positive cash flow of at least $100 per month after expenses.My thoughts are I can get some of the benefits of "flipping" (quick cash out) with out the tax repercussions because I am putting it on the market as a rental.The only question I am still researching is if I can write off the "Repair costs" in the same year because its a rental or if I will have to depreciate it over time.

Be careful talking to too many bankers though as each will pull you credit and put a ding on it.

If you do a deal once, assigning contracts it's not an issue, if someone is running around and doing the 15th deal (example) they pull the facilitating phrase out to be applied.I agree that you are selling an option contract and not the dirt, but you might consider viewing it as facilitating the ultimate sale by using a method that is being implemented consistently with the expectation is to ultimately transfer title.You might also look at "net listing" issues, not saying it applies, but agents have to ensure they are not engaging in some method or systematic contractual transaction that nets a fee for services or facilitates a sale above the price received by the seller.

It sounds like a great idea, I can own a beach property and somebody else pays for it, but in reality its hard to pull off and most people are negative cash flow whether they want or not.

But I think that is just the nature of this RE market that we are in.

I will probable have to pull out the walls and ceilings and take up the floor in the kitchen and dining area.

We now have quite a bit of equity and I'm looking to refinance and pull some cash out for another deal.

We can likely pull in rent for around $875-950 a month from the other unit.Our logic.