Purchase price: $140,000 Cash invested: $35,000 Sale price: $249,900 Contributors: Peter Vekselman On 06/05/2024, Partner Driven and Preston Moore acquired this Meadowbrook Dr SE property for $140,000.

@Andrew LaxWishing you the best on the sale of your portfolio!

Don't forget the people on the demonstration are just sales people.  

To me this is very market dependent and product dependent.. in our Market some developments that are red hot that Lennar owns they might only offer 5k on a 600k sale.

But we have a smaller one (1100 sq ft) in a lesser subdivision and not gatlinburg  that is getting tons of activity since we put it up for sale and it isn't complete. 

Quote from @Gina Ventimiglia: Hello, I've been licensed for about 6 months And I have a $4.9 million home Florida for sale. 

*Asset Managers manage foreclosed (past tense), not foreclosure (Pending sale/auction) properties.

More importantly, when you are looking at your exit scenario of selling, the same question applies but in reverse, are you calculating the new tax rate the next buyer will pay and reverse calculating a sale price based on the market cap rate?

In my mind it makes more sense to be managing the project to keep it moving along, while doing a portion of the work myself to keep costs down.  

I'm in the camp (tax-wise) that there should be a Flat tax or better yet, National Sales tax with no deductions for anybody or anything......so obviously the concept of depreciation would go away also.