Profits from short-term flips will be taxed similar to ordinary income, so you might be giving a good size chunk of the profits to Uncle Sam each year.

Sam Shoot me a message and I can shoot you a number

You get $7k, uncle Sam gets $3k.Scenario B: You spend $5k on maintenance/improvement.

This is how somone can be mortgage free at 30 with passive income.I recommend talking to Sam Sedore about local networking.Do you have a job?

Plan to sell after 5 years and hoping for 20,00-50,000 pure profit.http://m.estately.com/listings/info/60-linden-st--...Sam

Originally posted by @Sam Y.

If I cannot find something, it might be better to just pay Uncle Sam rather than to buy something that will get traided out later. 15% cap gains on roughly $300K vs. 2x the 6% sales commissions + closing costs.But maybe there is something I am failing to see given my limited experience.

So for me free and clear, I can sleep better at night.Now I am learning as much as possible about tax issues and ways to keep Uncle Sam from taking from me Hope all is well and ask away Alex

@Sam SteadmanThank you so much for your in-depth response.

Sam