Investment Info:Townhouse fix & flip investment. 26 Pilling Street is a multi-family townhouse located in the Bushwick neighborhood of Brooklyn, New York.

I'm bleeding money as I write this, the cost is pilling up as I need to repair the damages, and replace all the appliances, they damage the kitchen cabinets also.

Tough pill to swallow.

I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.

How do we minimize taxes on the profit we're making on this first home? 

DOM can be minimized by a number of different factors including the quality of marketing, rent price, availability to show. 

This transaction highlights our ability to identify and execute quick, profitable deals with minimal holding time.

This is a hard pill to swallow, but one that makes sense due to the higher risk of this being my "first deal". 

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

That would minimize and maybe eliminate the need for a loan for those properties.