Could we just keep track of the proffits and expenses ouselves and each report our share of it on a 1040 schedule E come tax season?

I have had to temporarily shut down two businesses in the middle of busy season.

I don’t think it will last much past May but we can’t even take bookings for fall foliage or ski season. 

After seasoning, I was able to refinance and pull out 75% ARV of $125,000 ($93,750). $0 in the deal, with an extra $5,750 in my pocket and $180 a month in cash flow.

I am at the same step you are on this journey and just remmebr that we have to take out all of the emotions out of the dealing with all of this even the brutal honest advice from some of the seasoned veterans.

Now that you have it rented out at $1150, will you be doing delayed financing or waiting the six month seasoning. 

Speaking as an owner in an area that is driving distance for 65% of America (East TN), I think staycations and short drivable destinations will be hot this vacation season since I’m sure many people are seeing financial struggles now and ahead.

Looks like a lot (though obviously not all) of seasoned flippers are putting a pause on flipping activity for the moment while we get a clearer sense on the trajectory of the market.

Leasing traffic and velocity is approximately 10% of typical levels, which at this time of the year in the Seattle are trending upwards toward the seasonal highs that we experience in May/June.

For seasoned folks who know what they’re doing, they may not need them, but how much of the market does that make up?