Investment Info:

Single-family residence fix & flip investment.

Purchase price: $20,000

Cash invested: $45,000

Sale price: $99,000

Contributors:
Peter Vekselman

Partner Driven...

The more experience earned, you gain insight into comparables, learn neighborhoods, get better and better in determining a real deal from a stinker.Sounds like you earned a little break now!

If the market continues to appreciate, holding the property could yield more long-term equity gains.

That number seems high but the neighborhood was “hot” and houses sold really quickly.What I cared about most was completing my second deal to gain experience.

Thank you.While I am lending exact direction, you will need to dig a bit more on the statutes, to gain full comprehension of the statutes in reference your question.     

I'm eager to learn from experienced investors and gain valuable insights into the world of STRs.

Net Sale - Is the contract price, minus the closing costs and commissions.adjust cost basis - net sale = net gainYour gain is made up of profit and depreciation recapture.

Leverage your existing equity to invest in smaller properties, such as a mixed-use or retail space, to gain experience and cash flow.

I think you’ll find it incredibly valuable and gain a lot of insights from it.Being on bigger pockets and listening to the rookie podcasts have been the most helpful for me. 

This type of property tends to gain value quicker than older properties.Best of luck in your search, let me know if I can help.