The water seepage issue and foundation issue are actually two different homes - I must not have made that clear in my post.

He stated that it's not a clear dividing line, and that the IRS uses both the number of properties flipped and the time that they're held.

It's very clear that I'm under contract at market value price. 147,500.

You're still not being very clear.

Sorry, in case it wasnt' clear... not profit on the lot but profit on the entire project.

You're going to deal with turnover costs of getting the current tenant with pets place in rent-ready condition by moving her to the new place, so this clearly needs to benefit you before you agree for her to move into larger place.

Hello All,I need someone who is strong in math and or spreadsheets to help me with goal setting.Here is the situation: I want to own (free and clear) 15 properties as soon as possible.

(Just trying to get clear on what you're wanting to do.)Thank you!

The owner had 2 years of delinquent taxes and was weeks away from losing it to tax foreclosure (he owned the property free and clear, he lived in Long Beach, CA and hadn't seen the property in in 12 years.

Like I said,I was hoping to get this shortsale property using 90-day transactional lending and then finding a lender that would refi without any seasoning....I wasnt clear on that in my initial post. but i guess until i figure that out i will wholesale. and Raymond B. i love to chat with u more and maybe pick your brain.