As an installment sale for 2018, I will be taxed on the $5,000 and the interest earned, correct?

I've found a few BRRR candidates but realitors I've spoken to so far while nice and helpful don't seem very knowledgable for this method I want to do single family homes using the BRRR method.

I run the risk of NOT becoming the owner if I am outbid at auction, correct?

@Jay Hinrichs Thanks for the tip...What methods would you suggest would help me with those skills before actually doing it in real time?

I can simply just use my name as the limited partner with my only exposure being the amount I invest correct?

Wes is correct.

My advice to you and your wife and my own personal method for someone who also lives in North County San Diego(Escondido) is to take advantage of your VA loan and buy a primary house first.

I’m local to the KC market and work with investors on the turnkey side as well as some on the Brrrr method.

Cash would be $159kI would need to discuss this with my attorney but the nuts and bolts would be $184K purchase price, 7% interest only for 10 years with 20% down.I’m looking to make sure my formula is correct but would like for members to break this down.

If I understand depreciation correctly the renovation is being depreciated at 1/27.5 a year.