We walked with about $55k of tax free cash on a $147k house with $55k renovation budget.

Adding the ex to the title could trigger gift tax implications, so keeping it simple is best.

you just input the address and it import the information which has bedrooms, bathrooms, and square footage. just be careful with the insurance and property tax data.

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Over the years, I’ve gained hands-on knowledge in a variety of areas, including tax liens, tax deeds, rental properties, and fix-and-flips.

Purchase price: $28,500 Cash invested: $178,000 Sale price: $250,000 Bought a 3 unit riddled with drugs or prostitutes from the city at the tax auction, spent a year gutting and consolidating all three units in two structures to a single-family home with an exterior side entry garage.

One thing you will want to explore is the tax rate in the specific counties you are looking in.

You will have to pay all the usual expenses associated with buying a property: transfer taxes, government fees, title company/attorney costs, as well as a "hammer fee" which goes to the auction house.In theory yes, you could win something for a few thousand dollars.

I will want to continue to continue to defer the taxes but in an UPREIT.

We decided to market it as a 4 bed/1 bath with an office.Listing Price - $199,900Property Taxes - $2,230.13AssumptionsPurchase Price $230,000In this case I had seen similar properties selling for $225K - $250K so I felt the property was listed low to drive up interest.