Hi everyone,I am a 23-year-old beginner real estate investor, and I recently made my first purchase in September 2023—a one-story single-family primary residence with 3 bedrooms and 2 bathrooms.

What made you interested in investing in this type of deal?

I did not take up the offer because I have zero knowledge in construction wouldn't know if he made money off our own co-owned property right under my nose.

Jason made a good point above...what are the benefits to sellers? 

He basically made up numbers based on what he needed.

We stopped the sale, I found a buyer, double closed and made 12k.

Or if the intention is to long term buy and hold but those plans change and the property is sold after 11 months, is still long term cap gains (if there are any cap gains, probably not in this case unless improvements were made)?

What made you interested in investing in this type of deal?

This ONLY about the claims you made.

Is this a  new change or he realized that he made a mistake in the previous returns?