Hi Justin, Since it looks like this property, as mentioned above, is exclusively an investment, what did you have in mind from a business plan standpoint?

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?

Has anyone had experience with contracts or partnerships like this?

However, I’ve often felt alone in this journey—especially when making big moves—and that’s what brought me to this incredible forum.

Has anyone ever worked with these banks? If you have please send your experience and what loan you got there. It would be greatly appreciated. 

Quote from @Tyler Tomas: Keep in mind your equity is not a savings account from which you can withdraw for free.

I know an LLC is not necessary to invest in rental properties, but I’ve decided this would be a better option for me in the long run.

What made you interested in investing in this type of deal?

So that is when I immediately backed out but still did more research anyway to find more fraudelent documents, emails and phone numbers to his scam.Yesterday we heard from my trusted friend and private lender who now is the 6th person I know who has been reached by this guy.

With rates as high as they are and RTVs this low, I'll probably barely breakeven (if that) if I did standard 80LTV.I like cash flow.