Background: I offered on a condo (still a newbie to investing myself, although this would make my third STR and second in one market), and the same day a second offer came in, higher.

Also, I won't do any buisness this year through my LLC so will I still have to file? 

I brought a partner into this deal to get it done, I will be funding the rehab portion of this Fix and Flip deal.

Hey James,That’s a solid question, and I’ve seen this scenario come up quite a bit.

This opportunity fell in my lap as I know the motivated seller who is willing to sell, but I'm not sure if I can get the price that he wants for it.I don't have the property under contract yet, and this is my first wholesale deal.

@Abhishek Singhal,This is a mixed bag. 

I already had a one month vacancy when this tenant moved in and my earlier tenant just walked away and broke the lease.

But will this type of loan work on this property?  

This is completely appropriate - except that wasn't how I was going to use it. 

Purchase price: $32,000 Cash invested: $58,354 Sale price: $105,000 5/17/24 purchase.Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.