Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

Most Florida markets will share some dynamics though like taxes and insurance. 

An ITIN is often required for tax purposes when earning rental income in the US as a non-resident.Please feel free to PM me with any questions. 

Out of state investors can do really well here, but you can also lose a decent chunk of money if you buy wrong.Lots of out of state investors, especially those from California get a little blindsided because everything here is so cheap it all looks like a guaranteed great deal.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

What are the tax ramifications of a sale, if any?

Do you want to be passive (ie give your $ to someone and they pay you interest, or you put the money for the opp and get equity, etc)3.

Our members do everything from Flipping, Buy & Hold, Wholesaling, Realtor work, money lending, etc.