Borrow against them tax free if you need the cash.

if you're using debt to do the project, your lender might also have requirements for this. i've heard horror stories of break-ins & tons of equipment stolen, flooding, fires, etc during flips.

I'd add to that--depending on what you do with the profit and how you handle any taxes.  

We just started the process of creating an LLC so we can can track finances and submit for tax purposes.

And does anyone know if there's any tax we would pay, since we're selling at a loss?

Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022.

Close to CA, tech and manufacturing job growth, 4th lowest property taxes that don't reassess on the sale, and no state income tax. 

I've been paying escrow+mortgage on rentals since 2015 and never had this happen to me.Details:Mortgage company does an escrow analysis and finds the following:2023 Taxes $1648 + Insurance $1634 = Total: $3282New Escrow for 2024Taxes $2331 + Insurance $1918 = NEW TOTAL: $4250- With increased tax and insurance I owe $968 more on escrow.- $968 difference paid out over 12 months would be $80.60 per month MORE.The mortgage company is claiming that I owe $3,000 MORE in escrow and is charging me an additional $250 per month.I checked with them and I've NEVER missed a payment and have been up to date this whole time.They say its not a mistake but couldn't explain why I owed $3000 more instead of $968 more for the year.Am I missing something? 

If you have nothing helpful to add, please avoid posting.What I am asking is if paying myself payroll and also taking profit distributions that are not subject to self-employment tax still applies if I am paying myself out of the Disregarded LLC and not the S-Corp directly.

If i purchase the lien on evergreen would CTBC debt be wipe out or i will be on hook for the first lien as well?