Ultimately, we let the 45-day window expire and took the net proceeds as boot because we identified a handful of Opportunity Zone investments that were pretty attractive and met the needs of the investor.We then identified a basket of OZ funds with various business models to diversify risk.

Too many new investors try to gloss over the fact that the loan will stay in the sellers name when they are doing business.

If you have a business bank account ask your bank about ACH ability.  

This is an unreasonable complaint regarding businesses.

Your goal is to understand the situation fully so that you can make a wise decision about whether to continue doing business with them.I often see folks fire people for a single mistake which is a tough way to operate.

Then, think about how you would reallocate those hours towards revenue generating tasks for your REI business.

As a real estate investor and business person, I'm not going to rely on appreciation to make up for a negative cash flow unless it's nothing down deal. 

All you would need to say really is that you materially participated in the business during the tax year and just be prepared in the case of an audit/IRS notice.

We business partner and I started at the end of 2018, began with Drive 4 Dollars looking for distressed properties with potential and we actually found an owner who was very interested in our first drive - that deal was our first ever and only ever started on October 2019...a lot of back and forth, a death and renegotiation took place over period.

Unfortunately, that is when greed set in and it was voted that we needed to expand to other locations because our business plan was getting behind schedule.