That will put us into the long term capital gains category on the sale. 

For those of us that operate many properties or use a PMS where you are the merchant of sale for VRBO bookings and any direct booking I’m curious how everyone does it?

Purchase price: $850,000 Cash invested: $500,000 Sale price: $2,250,000 Purchased , knocked down, built new from ground up What made you interested in investing in this type of deal?

Purchase price: $260,000 Cash invested: $120,000 Sale price: $535,000 Complete gut, new front and rear walls, all new electric, HVAC, plumbing, roof, deck, windows, interior What made you interested in investing in this type of deal?

James and his people who manage the program are nice and give basic sales and negotiation advice but not much that moves the needle in any situation.

Have a 27k mortgage balance, sale price est at 415k.

It is much more difficult to sell an entire portfolio that has become uninsurable (which would require a cash only sale) or that insurance rates are so high that no one wants to buy. 

What are the costs for the value adds, the expected hold time, and the expected sale price? 

You could force the seller to bring it up to code before the sale is complete as one of the contingencies of buying it, let them deal with it.

Househack properties in 2024 sold 1-2 weeks faster than they did in 2023.Deals are tougher to negotiate as well. 2 of NYC's surrounding Counties (Westchester & Suffolk) are averaging above asking price sales on 2-4 family properties.