This stuff will hit you if the things were done without permits..

Once you have income hitting your taxes you can refinance and move there.4.

I think it will be worth your while to untangle this but it probably will go more efficiently once you get beyond the feeling that this woman is a lunatic.

Almost every dollar I make (active or passive) has a job when it hits my bank account.

If the answer is none, then it is time to re-evaluate the plan.1 deal closed (September 2024)1 deal scheduled to close 23 December,2 deals look to start off 2025 in a better position.5 dispos are rural property30+ follow-ups I didn’t hit the goal.

Why not take the profit without the tax hit?

Instead we got some smooth sales dude who had hit rock bottom and is now "rich" because he took on debt to do a RIch Dad program years ago.

End up with all cash and little to no tax.Your wealth snowball ends up a lot larger 10 years down the road when you make and keep your money in a more tax efficient way.

It's also not going to scale as you'll quickly hit DTI limits even if you can get the numbers to work.

I love the idea of fix & flip right now @Abigail King, especially right now here in Chicago and I am sure it is similar for you in central Illinois -- it's winter so there are way less buyers and if you can get under contract soon you can likely rehab over the winter months and hit the spring market!