CC rates are too high.

Hey @Troy Welch, Given we have already chatted via direct message, i am leaving this for those who fall on this post in the same situation: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

I highly recommend reading more about why S Corps are not the right structure for LLCs with rentals.

. :)    I HIGHLY recommend you Talk to Engelo he is from Aussie land and is quite famous on the Aussie version of Bigger Pockets thats how I met him in 2012 or so.. he has been investing and rehabbing in US for 12 years now very successful at it and a NO BS kind of guy..

It immediately conjures images of a lite beer: "Guesty Lite: Tastes okay.

I don’t  think those permits will get snapped up that quickly: we have very little inventory and the barrier to entry is a little high as the entry-level price point is $1.3ish Million for any properties that would work well as an STR.

If you have losses that high then it is worth your money to hire a CPA to prepare your tax return.

Quote from @Michael Nelson: I have a few deals coming down the pipeline and want to free up as much capital as possible.senario property appraised value 430,000amount still owed 220,000 You can do 80% LTV cash out however the rate will be high.

More commonly, 4-star properties have seen as much as 200- 250 basis points of expansion.This range of cap rates is generally found in the upper 7% to 9% territory, indicating that office property values for transactions over $10 million are down by roughly 35% from the all-time high in 2021, excluding medical and owner-user sales.Debt maturities pose challenges for 2024, with around $206 billion in office loans maturing this year and another $180 billion in 2025 and 2026 combined.

Not high earning 90-120k. 27 years old. 700 credit score.