All Forum Posts by: Jessica Dold

@Christopher Phillips I'm planning on rolling it into the interest expense as you had mentioned, just wasn't sure if a 14-16% interest rate was going to flag anything when he's claiming the interest income. I appreciate the response and your time to respond!

I received a private loan from a family member for a reno as well as some help in labor. Wanting to potentially pay a higher interest rate on this loan instead of paying cash out for the labor that was contributed. Looking online I found a "usery rate" by state for the highest rate that can be charged. Is this what I need to be referencing or is there another set limit for loans? Thank you!

Hello! I'm completely new to this site and to real estate investing. I've been listening to the podcasts and hear all the positivite feedback from the forums so thought I would give it a try. I'm an accountant for a large company but hope to generate some extra income through flipping houses or potential rentals (maybe some day quit my accounting job:)). I have helped my family work on a couple flips in the Overland Park area and recently put in an offer on a house in Maize, KS to renovate and then plan to rent out. Fingers crossed everything works out! Looking forward to seeing what everyone else is accomplishing as well as learning everything I can from the more experienced folks.