Bc It was live in flip and staged.Commercial retail: fell into it, learn on the flySite revision for commercial : work in progress... on the fly...Always learning and ppl love to "teach" You just need to do your own due diligence.And DONT FALL IN LOVE with property/deal.My worst deal is when I fell in love, current home but I let myself bc this is permanent home (fingers crossed)

On my flips Im screwed having to pay fat taxes.

Fat bank there over 500 per hour.

Maybe a more prudent plan would to just pile up cash then refinance showing banker your fat cash balance at end of 3 years instead.

Hi Guys,Happy Fat Tuesday.Quick question for you--my husband and I are one 1.5 months of wholesaling.

In fat, I would take it further.

Well, I did not use an accountant and I didn't keep up with the cash expenses well because I thought it would be my personal residence so I would be exempt from the cap gains anyway.I didn't repay it the first year as it was still technically my primary residence (I was living out of town in a hotel, so this house was more of a permanent residence for me than anywhere else, even if I wasn't fully moved in).

I strictly forbid them from any self-repairs or permanent modifications to the property too in my lease.

Their interest would be more in capital preservation and green cards, namely the EB-5 program (google it), that will give temporary to permanent legal status for foreign investors that pony-up 500k to 1mil a pop to invest in any US-based projects.

Pigs get fat.