I'd first focus on the plumbing business.

I intend to embark on a business venture which is high risk and high reward.

Commissioner, 74 T.C. 1134 (1980) (“The taxpayer’s intent at the time of the exchange is controlling and must be determined.”)Courts consider the following factors in assessing if the property was held for sale: (1) the nature and purpose of the acquisition of the property and the duration of the ownership; (2) the extent and nature of the taxpayer’s efforts to sell the property; (3) the number, extent, continuity and substantiality of the sales; (4) the extent of subdividing, developing, and advertising to increase sales; (5) the use of a business office for the sale of the property; (6) the character and degree of supervision or control exercised by the taxpayer over any representative selling the property; and (7) the time and effort the taxpayer habitually devoted to the sales.

For example, I heard you can use an SBA loan to put down on a property as long as you prove to the bank that you’re capable of paying it back, without using the business.

Gustavo Munoz Castro my business partner and I skip trace our entire direct mail list for phone numbers so we always have ample amounts of potential sellers to dial and gauge motivation.

Wholesaling is just like any other business you have to create systems and procedures to be able to be able to close deals consistently. 

I am looking for a financial institution that provides non-recourse loans and has an in-house self-directed IRA custodian so  that I can keep the business relationship streamlined.  

I am a truthful guy and I don’t ever like false accusations or slandering anybody’s business.

We as a firm have investors working with us who have small business and invest in rental properties all over the US for example big and small.Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding.

Hey Isaiah, DSCR Loans are thirty-year mortgages secured by turnkey residential real estate properties strictly used for business purposes and underwritten primarily based on the property.