The ordinary citizen who buys these homes is going to take longer to complete the process and in some cases, probably end up not doing the deal.There was one show where they did 5 houses on one street.

If you sell an asset in less than a year from buying it, then your profits will be taxed as ordinary income (at whatever your tax rate is for your income).

Louis crowd grows... 8)

Maybe it can be of some use to you.I live in Kendall County, IL which is the 2nd fastest growing county in the United States.

Ready set grow:)

Under a year it is a short term capital gain, and it goes as ordinary income at whatever your tax bracket is.

I have easy access to Charlotte, NC as well as (GROWING DAILY) Greensboro, NC.

ryan,what types of questions would you ask a bank to inquire about their best loan types to increase your ability to continue growing and avoiding seasoning issues which will inevitably slow down many "investors"?

Come Join One of South Florida's Fastest Growing Real Estate Firms Tired of "sharing" your income with your broker?

I was using a standard minimum profit if the property was over a certain amount, but I liked my profit growing proportionally to the ARV.