Flipping houses can be profitable, but it's essential to understand the tax implications:1.

If you want to cash flow 200/mo in a class b location, you most properties to have 100/mo cash flow so your deal gets you to 200/mo.In the end, I think you will have wished you bought in Austin but good luck either way.Ps In before someone recommends colombus ohio.

Purchase price: $116,000 Cash invested: $27,000 Sale price: $187,500 Replaced kitchen, updated bathroom, drywall repairs, paint and flooring.

Rent                $2,600/month as MTR                           Vac (5%)         -$130                                                                                                  Main. (5%)     -$130                                                                                        Insurance  $97Cap Ex (10%) -$260                                                                                                Taxes $240Utilities           -$175                                NOI                 $1,905                                                                                            PITI+PMI= $3,846Net Income as HH (aka our cost per month)= $1,905 - $3,846 = -$1,941      My wife and I essentially split $1,941/month to live in our duplex in one of our favorite neighborhoods.So you may ask, "What about your ROI?!"

I'm grateful that I sold all of my class C buildings over the past several years, even though they were supposed to cash flow better than the class A buildings, they never did and the rent and value appreciation wasn't nearly as good either.

However, it's essential to work with a knowledgeable lender and ensure the property meets VA requirements.

You won't get the funds back as cash.

Our current rental was purchased for roughly $340k 7 years ago and is worth in the mid $500’s now and is paid off, and our primary was purchased for $430k 4 years ago and valued low to mid $600s and we owe $180k.Option1 we are considering are a fix and flip to provide cash for a down payment for a long term rental to allow the rent to cover the mortgage and at least break even.

They could also use the bathtub to dissolve the body of their grandmother while they continue cashing her social security checks.

What is the best way that you have found to attract cash buyers and or obtain investor/cash buyers lists?