There is no impact on your taxes, though you may gain more deductible interest - ask your tax professional.The downside is that there is no such thing as a risk-free investment.Hope this helps.By the way - my family hails from the Twin Cities area (St.

Unless... they moved the headstones, but they didn't move the bodies!!!

Even if nothing goes sideways with the flip itself, the longer you have to hold it the great the chance you have of a market shift that impacts your exit.You make your money when you buy.  

Should that loan impact my offer?

This is a general answer as there are always possibilities if there is enough planning time or additional facts that could have an impact on the answer.

  $10K might not even cover the impact fees that you'd save.This sounds like a pretty good deal.  

For examaple on our 89,000 square office center in Denver, I have a lot of snow removal costs that I can't collect for because the tenants are all on gross leases instead of NNN, while I can't collect them in the form of recoverables they are still operating expenses and are still negatively impacting my NOI. 

It's not a good idea if you want to make an impact and do great things in real estate.

I had sold a motorcycle I had built with my father and a old car I was restoring, my dad was in the auto body industry so the itch to work on cars and motorcycles rubbed off on me.

Jeff, I want to add one more thing, you should defiantly seek legal counsel in case you have technical questions and you ave other entities that may somehow impact this future LLC, but an LLC is a pass through and offers one layer of protection, depending on how much protection you are seeking you may want to review your position with counsel.