Hello all, I am Tristan Crawford Lee, I'm a future contractor working under my father currently, but also looking into building a rental portfolio, and fix and flip strategy as well, I am located in the Lehigh acres a...

Owning real estate is basically the same as being in the service industry and sometimes the end of a lease isn’t going to coincide with the best dates for a landlord to rent.

At this point when I start podcast if it’s not David Greene talking I stop and find another real estate podcast.   

I am an Enrolled Agent licensed by the IRS and specialize in real estate taxation.  

That property is literally screwed.The real answer to your questions is it depends on what is common and accepted in that area.

Find a local bank and build a relationship...banks make money on deposit funds, your business seems to have a pretty decent deposit base.

Running a real estate business together with your gf has many non-tax consequences.

As you get further away from standard real estate practice, the risk is increased by a “legal” risk that your protection may be interpreted quite differently than you expect by a court and that the subtleties of the protection a mortgage or trust deed document provide with established law and court decisions handed down for (in the U.S.) 250+ years is not existent. 

I'm a Bank on Yourself professional and personally have my own policies that I use to fund my real estate investments.

@Bethany PeysenTo expand your real estate portfolio, stay connected with agents and lenders, conduct thorough inspections, and prepare for longer closing times.