Pro: Being an active agent helps you keep learning, gaining experience, and also staying motivated.

Now that I am retired, I am eager to: 1) Gain hands-on experience in flipping homes in Florida, 2) Find properties with potential for value-add/forced appreciation, 3) Partner with experienced home flippers for collaborative projects.

I am currently living in this flip to avoid capital gains and I'm looking for my next property to rent or sell.

As you increase in size and wealth, this becomes more valuable.

Additionally, holding the property during the ongoing area growth has allowed it to appreciate in value, further increasing its long-term potential as both a rental income source and a valuable asset in my portfolio.

I'm just exploring, gaining knowledge and conducting research before I pull the trigger on anything.

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

The right wholesaler that knows how to properly calculate a SOW (scope of work) to gain the rehab budget, generate an ARV from local comps and not want to get rich on every deal is NOT easy to find....but, they do exist.

With your engineering background maybe partnering with someone with building or other RE experience could be valuable.

I want to use her equity as a gift for the down payment to avoid capital gain taxes.