I follow some real estate investors and want to put some of the strategies I learned into play.A little bit about me: I came to the U.S. in 2019 to study electrical engineering and always tried to learn how to better manage my personal finances.

You definitely want to get with a competent tax advisor for personalized advice.

You are bidding based on still owing that amount. depending on the state you need to know what is superior and inferior. think about it this way, you are marrying a person with kids from a prior relationship - those kids do not go away, you are taking them as well.2.

People do go to jail for loan fraud.To me you need two conversations before moving forward

Cody feel free to reach out would love to have a quick conversation to help.

Best to talk the tax issue over with a CPA but the loss will be reflected in the K-1's and can offset gains in other deals, provided they both flow through to the same entity (or you personally).

(Our personal State Farm Agent recommended them and so far its worked out well) We are in Indiana. 

Does it matter if I keep the rents in my personal accounts?

I am interested in having these conversations and learning more.

I will say, in my personal opinion, flips are much more risky.