Benchmarking some of the bigger syndication firms out there, most have gone the 506(c) route, which really makes me consider pulling the 506(c) trigger on an upcoming project.For those of you who have made the switch, or who haven't, what was your thought process?

As @Christian Stoecklein mentioned, a large W-2 for a single filer (or both spouses if MFJ) is sure to trigger an audit or examination eventually if RE pro is also claimed.If you're a RE pro, consider working with a tax pro who specializes in this area to make sure you're substantiating your tax return positions every year.

Hello All, I have been researching for 8 months or so and looking to pull the trigger on a single family in a college town.

Hello All, I have been researching for 8 months or so and looking to pull the trigger on a single family in a college town.

It is my understanding that most mortgage companies follow fannie mae guidelines.  So according to this, transfer to an LLC should be allowed?  Anyone have experience with this?  Sorry about the bold, didn't know how ...

I've seen some deals that I think I could do well with, but failed to pull the trigger because I just don't know the rehab or ARV.

Find your best deal with the past research as your basis and pull the trigger.

After 7 years of listening to bigger pockets finally pulled the trigger on my first flip with two partnerspurchase price: 230krehab: 55 ksale price: 365k

If not, you will end up with shiney object syndrome and not actually pulling the trigger.

We just haven't pulled trigger on a deal yet.