Originally posted by @Michael Bishop:Hey @Josh Whitinger , sorry for the late response.

If all parties agree you can null the original contract and establish a new one.Alternatively, if there's no clause against sub-leasing then that could be an easy solution...just make sure the original tenant knows that if their replacement doesn't pay rent then they (the original) is on the hook for those funds.

Los angeles originally.

Originally posted by @Ori Foyer:I bought a Section 8 property on December 2017 and planned to flip it.

Originally posted by @Robert Campbell:All:I have been combing through Zillow and Auction.com for several months for my area (Southern Illinois / Belleville) and I am having a hard time finding properties that have good Value in them. 

Originally posted by @Justin Hertzog:My name is Justin Hertzog. 

.), for which you should consult a knowledgeable CPA, but those revolve around shifting areas of taxation and deriving additional benefits.You'll want to do your flipping in an LLC (and if you plan on doing multiples, you should look into Series-LLC) for liability purposes (,  so that if a buyer of one of your flips comes back years after the sale with a lawsuit, you are protected).One way or another, the money gained from flipping is active income and you'll have to pay taxes for it.

Originally posted by @Luis R.

Say the go for a refi, and get 70-75% of the ARV, now you're getting $140-150,000 back out, which you'll use to pay off the original Hard Money Loan.I'm making this scenario look pretty, tight, and nice for the sake of ease, but that's the gist.There are points, fees, interest payments, etc along the way.But regardless of where you live, whether you own a home, or even have a job, if you can come to the table with a good deal, that fits the lenders numbers/expectations, and you have the financial capacity to do the loan, the loan you will do...

High level, it's a 15 year at 5.25% and I'm paying a point origination fee but the full loan details are below.