This strategy showcases how buying directly from motivated sellers, renovating strategically, and selling retail can yield substantial financial gains in a relatively short time frame.

Quote from @Lee Loen: Hi,I'm an investor looking to acquire land, build, and sell luxury homes in the Scottsdale/PV area. 

Turn on any home renovation show, and you’ll see investors turning run-down properties into stunning dream homes—selling them for a hefty profit.

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

What are other similar triplexes selling for in the area?

The borrower can then legally sell the collateral in order to recuperate their money that was lent.

@Matthew SamsonThey shouldn't sell it.

I thought you were building to sell.

Selling your duplex could be a solid move if it helps eliminate your revolving debt and gives you a financial reset.

Simply because rates are higher, homes are not selling, and deals do not work.