What are your short term goals? 

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.

Flipping a house typically involves holding the property for a short period, which classifies the gain as ordinary income rather than a capital gain.

The property is cash flowing $10-15k every month and has been an absolute juggernaut as a short term rental.

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

They dont get kicked off the system for what is deemed normal wear and tear and to Most investors once one of my section 8 tenants left the property there was a huge discrepancy in what we all think of normal wear and tear.. 

We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

I believe that connecting with experienced investors and fellow newcomers will be invaluable as I navigate this path.I am particularly interested in short term rentals, multi-family rentals, and possibly fix and flips. 

In short, there are select cases where an experienced investor with a strong network can turn deals with low cash, but someone trying to get started with $10k-$20k is going to have a very hard time. 

I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!