As long as you're following your passion and taking action then you're heading down the right path.

I will close by saying I am not expecting a be a multi-millionaire by next year following someone's system.

There is the negotiating step, and the closing step, followed by the moving step.  

I am out of state investor and this is my first in Cincinnati.Thanks Sandeep  Hi Sandeep,i know this thread is very old but wanted to follow up and see if you’re still investing in the area?

Sorry, I wasn't really following where you were going.

. :)  So with what you have raised and if you want to continue raising money you could follow the same path I did..

Aloha, In a market where the sale-to-list price is 97.9%, homes sold above list price is 18.7%, and homes with price drops is 51.4%, I’m exploring how to respectfully submit an offer with a 30% to 50% discount on the listing price.Beside from the following actions, are there any additional steps I can take to ensure my approach is considerate to both the seller and my agent?

@Jon Fletcher There are basically two potential options. 1) Amend the tax return in the year of purchase and prove you used capital gains to purchase the property and 2) Sell the property to an OZF, follow the 20% related party rule and then the structure of the sale of the property to be able to reinvest the gains.

Best Regards,Raju Hi Raju, I know this thread is really old but wanted to follow up and see if you ever went through with investing in this area.

However, all the sold comps are crossed out after following a three-tiered system to determine the ARV:T1: Stay within one-miles radius, sold for fewer than six-months.T2: Size of the properties are within 200 sqft., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.