Well, if the FMV of the house is at or near $300k based on reasonable comps, and there's no legitimate benefit to the client's offer (i.e. all cash, fast closing, no contingency, whatever), I'd probably quit working with them because there's really little to gain working with cheapskates and bums who just want to steal other people's property.

Even if things don’t go perfectly, you’ll gain valuable experience that will help you with your next project.

This quick profit flip highlighted our expertise in identifying high-potential properties and executing rapid sales for substantial gains in Pleasant Hill’s thriving market.

PadSplit is not passive but it has been a mostly positive experience for me.His numbers seem realistic except PadSplit fees are typically 14.75% (not 14.25%)which is a 12% platform fee and a 2.75% stripe fee to allow members to pay their rent w a credit card. 

I'm hearing folks say: "I'll call sellers once I gain more CONFIDENCE!"

You are an absolute loser for defrauding thousands of investors for your own gain!

Future AppreciationLynchburg’s market has seen about 5% appreciation recently (4.3% Sep 2024), meaning your property could gain around $110K in value over 5 years, helping to cover renovation costs.

It has worked out well for me and I like not having to pay taxes on the gains which helps me increase the amount I'm able to lend next time if needed.

Opportunity Zones are designated distressed areas where long-term investment and development are encouraged.3 Reasons Why You Should Invest in Opportunity ZonesDefer or Eliminate Capital Gains Tax ObligationsWhen investing in Opportunity Zones through a Qualified Opportunity Fund (QOF), you have the potential to defer your capital gains taxes.

Owner’s draws aren’t typically taxed directly, but any gain or capital distribution may have tax implications, especially if the amount withdrawn exceeds your basis in the LLC.4.