If you’re planning to get financed by a bank for rehab projects, you will likely need to contact at least ten in your area until you find ones, so don’t be discouraged at first. Don’t waste your time with big banks. Instead focus on the small community banks. If you plan to get financing for rehab projects and real estate investing in general, you will first need to assemble a loan package which lenders will request. It should consist of your last two years personal tax returns, personal financial statement (that shows all your assets & liabilities), a business plan, a cash flow examples (if you currently own property), & a brief description about yourself and the project you are applying for financing on as a real estate investment.Different countries charge different capital gains tax on sold property. In Spain, a foreign seller may incur up to a 35% capital gains tax when selling a property for profit. Other countries, such as Turkey, do not charge this tax as long as the property has been in the seller’s name for at least four years.The responsibility for managing the household expenses should fall into the hands of the party with a better understanding of common sense financial management.When calculating P&L, one needs to ensure they are doing it in correspondence with the fiscal year. The fiscal year for a P&L is not determined by a calendar year, or by the lease year, but it can be. However, doing the P&L by the latter usually results in misleading information. Another element to consider is Capital. If a cost is capitalized then the amount is depreciated and spread over a period of time instead of being reflected on the P&L of the first fiscal year. In this way the P&L can, often times, reflect a lower cost for the year than the Cash Flow.Cash flow problems can occur in any number of business lifecycles. Most commonly they occur in spending or receiving. Makes sense, since cash flow is cash coming in and cash going out.