I sold out.

The project took 6-7 months, and while we made $143,585 when we sold the house for $560,000, we could have made close to the same amount in a few weeks with less hassle.The big takeaway?

But, insurance costs are likely to rise, making getting mortgages for most people even harder to get.What is likely to happen is more creative financing going forward, private lending to increase and smaller houses being built in the future. 

But ask anyone who ever sold a business: it is not easy!!

I just got my first flip in the middle of January and am still rehabbing Do I need to file a quarterly tax if I haven't sold yet?

The private property owner is responsible for maintenance on the private property.

After that, the lender may use a private auctioneer to auction off the property and try to recoup as much money as possible.

Lots of $30000 dreams sold.   

The key is by leveraging OPM (Other People’s Money).Do you have private money lenders in your circle who might fund the deal in exchange for equity or some interest?

Unfortunately being in CA they will hunt you down every year and make you confirm you haven’t sold the investment property.