Are there certain experts, businesses, gurus or local organizations that you are following as indicators of a shift? 

But it all depends on the deal, how fast you can finish renovations, find a buyer, & close.If you’re just looking for long term wealth, then you could do a BRRRR, buy another property and continue on that path.With $40K you could even invest passively in multifamily syndications, and over a 3-5 year period get over 100% of your money back on average.Now every deal is very specific to market conditions & the operator of the deal, but nonetheless, syndication is an easy way to build wealth.With everything going on right now in the economy, I would be weary of jumping right into real estate without first having a SOLID foundation of knowledge in how to accomplish these investments.Things are changing rapidly in the real estate world, and if you aren’t prepared, then you’ll be washed out and broke in no time.You’re welcome to check out our website which explains everything you need to know about multifamily syndications and the market.All in all, if I were you, I would do some more research on whatever method you choose and then become the expert in that niche and your local market before jumping into anything and spending $40K.

I was going to suggest using contractors with the accreditation as a Certified 203k Contractor, but after looking at the online directory, I don't think there are any in the Raleigh area. 203kContractors.com

No offense, but being on a podcast does NOT make you an expert or right for that matter.DMM is plain and simply dumb.

I'm no expert in the Austin market, @Jerry Stevenson, but I am also in a HCOL area.

As im not an expert in knox market like these other people.

@Alexander Felice is the resident expert in Fayetteville. 

The effect this could have is a lack of experts involved in your first transaction.

She needs to consult a tax expert but this is what I believe$250k of the gain is tax free ($500k if married) if she has been living in the home (must have lived in home for at least 2 of the last 5 years)Any gain above $250k is capital gains.  

PM me if you wantI know a couple experts on the matterThey should have some answers for you