Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

What makes it a "deal"? 

Few of the people who "invest" fees in a mastermind like this will ever do a deal.

Reporting the proceeds you pay to seller on a 1099 sounds reasonable.

Once all the work was done we rented the home for a couple years and then sold.

Nobody wants to make a deal with a stranger that they’re stuck with for 30 years.

Asking in the correct forum will get a better response.Read the RULES!

Quote from @Donnie Jones: The harsh truth is that wholesaling is a job, not a means of investing.

How do you know that a contractor is any good?