They bought the house in fair condition knowing that they need to put some money into it to not only improve the future value but to also improve the current cosmetics.  

I am passionate about learning everything I can around real estate investing and starting my future in this very rewarding industry.

I'm here because I'm looking to start investing and flipping houses/owning rental properties, I'm not looking to have a show in HGTV, I simply want to be financially secure in the future.

When you sell a rental property at some point in the future (at least a year out), this is not viewed as a flip transaction, but rather just a reallocation of the IRA from holding passive real estate to holding cash.Your example of buy, fix, rent for 3 months, then sell would likely be viewed as a flip, especially if you repeated this pattern with multiple properties.The IRS does not define a "flip" in clear terms, but has a full set of measures they would apply to real estate transactions to determine whether something is a passive investment or a trade or business activity similar to competing commercial enterprises.  

Hi All!I am new and learning what I would need to do to obtain my first property. I am excited to learn from everyone!

Please reach out if you would be interested in joining a future ESPN League.Thank you,Price

I don't think people expect big industry to play a big role in the Berkshires' future.

I would be great to meet up in the near future to discuss how we can help each other reach our goals!!

I've been learning as much as I can as quickly as I can I'm excited for the future!

Better resale if you decide to part with the property in the near future?