There are no tools or anything automated to tell you what is going in the various municipalities.

It's frustrating to finally have it all sorted out then get a notice that the mortgage has been sold again and there is a new servicing company taking over and the mess starts all over.

In 2023, we sold it for $245,000, achieving a strong return and leveraging the experience to fuel future projects.

And would this be considered "capital gains" since it's re-sold under 1-year therefore having to pay a large % of tax on the profit?

Lots to be figured out in this deal but let's assume for now that it's priced right for a BRRRR or flip.My wife and I have been looking to move into a house hack in the area, and friend has just sold their house and has cash they're looking to invest in a flip.

@Seidy Lasker Wash sale rules apply to stock options if they are deemed "substantially identical" to a security sold at a loss within 30 days, such as options with similar expiration dates or strike prices.

Well, last night he must've gone over (without telling me) grabbed his tools and left.

Despite surprises and challenges, I transformed it into a move-in-ready home and sold it for $145,000.

Purchased for $69,000, I tackled everything from a new roof to interior updates, transforming it into a move-in-ready home.After months of surprises (and a few headaches), I sold the property for $145,000.

I just used cash to build my first 3 specs no loans at all.. once done and sold then I went to lima got one loan from them.. then went to local bank ( much much cheaper) and got a 3 mil  guidance line and went on to build 30 or so in charleston.. you have to prove the model.. its not like buying a rental where lenders look strongly at your fico  fico is required but not the main consideration like and investor loan and all you need is 20% down or 30% down and a few bucks in reserve that wont fly with spec loans..