Just moved to AZ 6 months ago to be closer to family. Working the 9-5 corporate but want to start investing in flips and BRRRR. Looking for individuals who have/are doing so. Want to learn and sharpen my knowledge. My wife and I are love diy renovation and not afraid to put a little sweat into a project.
Wholesaler · Dallas, TX · Member since 2017 · 306 posts · 133 votes
7y
Hello Kyle! It's a good thing that your spouse is for it. Always budget for the capital gain profit if kept under a year the taxes will be higher unless you file a 1031form. Besides that make sure the demand is there. It might be better if there's big employment near there and/or city growth in that area. It probably will be better to locate in a large or medium sized city. Good luck to both of y'all!