@Marcus Welson I am not a CPA nor accountant but i think it is pretty clear as already said you can't deduct a loss of more than you Basis (cost) to acquire the asset. 

@Matthew Rolf I know the post said wholesalers but we acquire multifamily that we self-manage and also do 3rd party management, based in the Apopka/Wekiva area with our office in Baldwin Park.

Their coach told them to specifically seek out these deals believing they can only be acquired with these seller finance terms and wasn't even aware construction financing existed that could easily take down this particular deal.  

Purchase price: $18,000 Sale price: $28,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Rodney Lomax, successfully acquired a property on Windsor Dr, Saint Marys, OH, for $18,000 on 8/12/2024.

I would highly recommend passive investing which will allow the experts to take the risk and acquire the debt and manage the toilets, tenants and trash.

I plan to acquire an STR property in West Africa.

Our goal is to acquire 5 properties by age 35, and we want as many of them as possible to be in Denver.

Do you plan on acquiring more than 1 property? 

Give yourselves options, buy for the long term, and acquire good deals.

For example, you can say that you did 15 projects of quad plexus using “xyz” lender or you did 9 SFR rehabs with “ABC” lender or you acquired 25 commercial strip plazas with so & so lender”.