Because Sellers care about their net proceeds, the amount they are going to walk away with after all the transaction costs have been paid.

Setting up an LLC could be an option down the road if you expand your investments, but for now, it might be simpler to report it as personal income.

This way instead of selling, paying taxes, you can borrow against it and invest again.

Hi BiggerPockets Community,I’m currently looking to invest in foreclosure properties and would appreciate any guidance on where to find them in San Antonio and Austin.Could anyone share their go-to resources or strategies for locating these properties?

My question is, does this sound like a good plan to start off our real estate investment journey with as little debt as possible?

Investment Info:Single-family residence fix & flip investment in Alma.

The net effect is that the money is out for less than 30 minutes in almost all cases (exception would be end of month when the title company has in influx of deals, but we're also in an ABA with them so we tend to get taken care of very quickly even during those times).3.  

Secondly, from an aesthetics standpoint investing slightly more can make a huge difference in the way these rooms looks.

The 1% rule and the 35% operational expense rule serve as benchmarks to quickly evaluate the potential profitability of a real estate investment.

Respond or message me if you are investing in RI.