New Member from Des Moines, Ia

[Kyle Stephenson]

Hello all,

First time poster here.  

I'll start off by introducing myself.  I'm 31 years old and was raised in the construction trades.  I've been working for a corporation, but, I've missed the daily grind that is building and fixing things.  My family still owns both a construction company and has paid for farm ground.  I'll also mention I'm in process to becoming a residential home inspector.

My question.  If we used equity on the farm ground  to secure a line of credit , that will finance flipping and/or rentals.  Could with the rehab budget we pay ourselves to do the work? The best thing is if we are going over budget, we can do the work ourselves (meaning family only) and essentially that over-budget money is still technically "profit" for the partnership.

Thank you,

Kyle Stephenson