All Forum Posts by: Jamie McCauley

 Thanks Anthony!

Thanks!  I think changing your plan is ok, I've sold rentals before if they have appreciated a lot.  I think to myself..."how many years would I have to rent this to make x profit?"  Sometimes it's an easy choice :)

 Thanks John!

Definitely learned a LOT.  If I'm going to continue flipping, I need to make some changes to make it more sustainable.  

-Jamie

Jashiel, 

Like will stated,  there is not much you can do with a short term flip to avoid capital gains.  The best way to "deal" with them is to pay them :) 

 Will, 

Thanks for the suggestion!  That was one of my "woes" from this last project, how long it took me.  I was planning on 2 months when it actually took about 3.5.  If I continue flipping, I will definitely work on assembling a team.  

Thanks Again!  Cheers

Hey everyone,

I just finished my first flip and profited over $30k! It feels good to know that I can be confident in my numbers and rehab estimates. I was only a couple grand off, which I feel pretty good about. Did most of the work myself, which helped my profit quite a bit. If you’re interested in the details, we documented the whole process on YouTube: https://youtu.be/dJ9KTHW78Hk

Anyone else pumped about a recent flip? I’d love to hear about it!