Purchase price: $160,000 Sale price: $170,000 Contributors: Peter Vekselman Partner Driven and Jamari Sprueil secured this Dover Ct property in Riverdale, GA, for $160,000 and successfully sold it for $170,000 on the same day.

The other thing I have learned over time is that the clearer your vision is, the easier it is to get there, so CLEARLY defining the location, type of property, purchase price, renovation amount, etc. etc., will really make a big difference.

The tax is based on selling price minus purchased price.

If you're looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

Purchase price: $655,000 Cash invested: $40,000 Sale price: $770,000 Purchase and hold.

But I would ask for advice and then follow up later with a thank you which includes how the advice worked out. 

Quote from @Jasmine Thermitus: Hello Everyone,I recently moved from Boston to North Providence and purchased my first property.

Quote from @James Soto: Hello.My name is James, I live in Bixby, Ok and would like to get started with my first BRRRR in the Tulsa area with a cash purchase. 

I am looking into purchasing a STR in a different state and was wondering if you would be willing to give me some tips you learned along the way?  

I found it very unlikely that the government would not want to get their piece of the pie, especially if they had purchased a new primary home.Donyou have a Tax Code or Publication Number you can share so I can study up and understand your thought process more in depth?