I wouldn't care who buys my property, I want to net the most amount of money in the shortest amount of time.

Pretty easy to make 2% or more when you're spending that kind of money.

Originally posted by @Max Gradowitz:I'm in CA and the most common LLC-related question I get is "I live in CA, I want to buy properties in other states, what state should I open an LLC in so I can save money?"

I spent a lot of time and money to learn how to structure seller financing deals.

Purchase price: $240,000 Cash invested: $60,000 purchased this distressed duplex using owner financing for $240K and a $60K hard money loan for renovations.

We are so lost as to what to do with the money.

Attempted several payoff figures but she was a Realtor and had a bad year and therefore  no money. 

Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.

Taxes are high in TX with real estate, so put more money down to create some cash flow.

There is definitely more too it than just the money that goes in.