And that's coming from a shirtless dude painted blue, so you know it's legit.

Hi BP Community,I collect paintings.

Buying a property without equity…. means that if you had to sell.. you will taking a loss equal to AT LEAST…all costs associated with selling.Selling a $400,000 property that was bought in the last two years means that AT BEST… the equity is equal to 75% of the down payment. ( this is a rough statement and anyone who wants to crunch the hard numbers is very welcome to post them)$400,000 buy… $$60,000 -$80,000 down… $24,000 to the buyers agent… and another $5000 for other closing costs.Starting balance ..is $370,000.New selling /asking price… =$450,000 depending on the region… good luckBuyer counters at $400,000 and the seller accepts…Minus the realtor fees $24,000 and some concessions…$10,000 ..Net is $366.000 Ok this is a very rough discussion.either provide tighter numbers or accept the drillThis seller got out lucky.And didn’t account for the interest paid out or the new carpet , paint dishwasher and sod.Buy a business with equity….

A cleaning and paint touch up looks like its all thats needed from what you presented.

Bathrooms, flooring, drywall, re-carpeting, fencing, painting...I can do it if I have to, but I am in a period of my life where I have no time, and need to offload these projects.I hear people on BP podcast episodes and other Real Estate investor content and they seem to quote numbers that are 30-50% cheaper than anything I have ever been able to find.

New roof in 2020.Need to have painted/new carpet/new water heater/bathroom flooring/garage patches - about $7-10K before putting on the market for rent or sale.

In my opinion, flipping is hands on and there is little a book will teach you on flipping a house(especially if you never acquired a property before).The only way to learn is to go through the experience.Start off with a simple project - a property with minimal work that needs to be done(replacing a roof, HVAC, Painting, Flooring).Don't buy anything with water damage, fire damage, foundation, bathroom remodel or a kitchen remodel.Move on to more complicated projects after you have a couple of successful flips.

For example I went to pick left over paint and Sheetrock and she would not allow visit to garage.

It's in a challenging area where Section 8 is virtually my only tenant base—not a slum by any means, and the house itself is in great condition.Here are the options I'm considering:A) Keep and Re-rent to Section 8: By investing in some upgrades (paint, cabinetry, toilets), I can increase the rent to $2k (from $1800), projecting a cash flow of approximately $1300/month.B) 1031 Exchange into a Short-Term Rental (STR) in Shenandoah: This would involve using a portion of the proceeds to make the property Airbnb-ready.

Structural repairs, paint, roofs... you name it.