No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

Could help you save some serious $$ if buying and selling there and can also get you access to their MLS systems.

With a fideicomiso, the first $200k is tax-free when you sell.2.

These properties include different foreclosures and those that sell below their market value.

The lender does charge the flipper 4 points upfront, and the note represents 55% of the property’s ARV, so I’m not too worried about needing to foreclose if it comes to that.The lender uses his own capital for initial funding and then sells off the notes after that.

Oh, they can sell, Jim, just like one can sell "subject to."

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

Is your client building to rent, or build to sell? 

Quote from @Sarah Ali: The seller has a contract with the agent, which means they can't legally sell the property without compensating the agent.

this is a direct relation to lack of inventory.. new construction on many markets is as robust as its ever been.. we have had spectacular years the last 3 years of course during covid was tough with supply chains but my 500k house I am now selling for 700k and my build cost have gone up by maybe 100k.. so record profits for us..