Will a DSCR loan apply to this kind of transaction, being that the house wont be deeded in my name until after I pay my uncle the balloon payment on the seller financing amount?

   ( This is why I wont buy in a HOA )  

You can deduct all expenses related to the flip (e.g., materials, labor, holding costs), and the net profit will be subject to both income tax and potentially self-employment tax.If you run lending as a business, then interest income changes to ordinary income.

I’m sure this is an easy one but I am new to this strategy.

I don't allow this.

Hey William, great question - Conventional has limits but have you explored non-conventional DSCR loans?

Any thoughts on if this might be a smart decision or if I should just rent equipment and write-off the costs?

So back to the point, as a realtor, you want to be a "Seller's Agent", your question is how do you do this?

Purchase price: $380,000 Cash invested: $60,000 This is a single family, brick home in SLC Utah, split entry with a big back yard.

Do I record this in my 2023 or 2024 taxes?