Fix & Flips can be profitable too, but the key is knowing the local buyer demand.

But if you buy an already profitable business it will cash flow from day 1 and you can grow it from there.Buying a business is easier than building one.

This made the overall appearance of the property much better and allowed us to re-sell for a profit.

. $600 a month chances are they could rent it and make a profit and if it doesn’t go up as much as they were hoping they could simply give the house back to you in seven years.

The IRA will buy the property and own it, so the rents and profits must go into the IRA.

How consistently has it show that it can be profitable. 

What strategies or flood mitigation measures worked best for you to ensure long-term profitability?

MLS is priced aggressively and nets no profit (flip) or cash-flow (BRRRR) unless you low ball. 

Liability NOPE its all about FOR ME tax advantages working with investors to have uneven distributions IE more profit for the investor vs the amount of prorata cash they have in the deal..

A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.