My journey in real estate has been driven by a passion for helping people achieve their property goals, whether it's finding the perfect home, making profitable investments, or connecting buyers and sellers for mutual success.I'm eager to network with fellow professionals who share the same enthusiasm for real estate and dedication to making a positive impact.

The profit is made when you buy.

Benefit: No capital gains tax on profit up to the exclusion amount.1031 Exchange: Deferral of Capital Gains Tax on Investment Properties What it is: Defers capital gains tax when selling an investment property if you buy another investment property. 

So the ARV is $660K and the report gives me maximum offer of $21K for $0 profit.

The realtor tried to talk me up to at least 175 but… that’s cutting a bit into my profit margin and I’m not that eager to buy it because that’d also be my biggest renovation project.

Another option if your profit is over that amount is to convert the property to a rental which would then qualify the property for investment use, Then do a 1031 exchange after a year.  

That gives you enough margin to work with and make a profit and have the highest # of people looking in that price range since it's closest to the median price point of home here.

After the property is rehabbed you can pull your money out with a cash out refinance on a DSCR loan or sell the property to make a profit. 

rather than drastically reducing the price and not profiting much?

Pete's podcast is called Turning Profit.