Purchase price: $163,400 Cash invested: $25,000 Sale price: $240,000A buy&flip project on a Single Family House10K - Flooring, Trims and baseboards8K - Interior Painting3k - Updated water heater, and gas permit2k - Other minor fix, ceiling fan, windows, light bulb, new fridge, and more2k - Holding cost, HOA, and other related utility feesTotal cost of repair - $25k

I am based in Australia and an Australian citizen looking to start investing in Duplex to  4plex-style residential.

You will start to get the hang of it and put processes into place to stop or change the situation up, or just not buy the property because you know what they may run into. 

Things will inevitably break, jam, clog, drain, build up, wear down, etc. over the course of a year.

You're in a tough spot, but here’s what you can do:IRS Payment Plan: Set up a payment plan with the IRS to spread out the $200K tax bill.

Flooring is an exception to this since LVP is higher priced, it does last a very long time for something that will get beat up over the years. 

My company also provides insurance, 401(k) matching up to 4%, 2 weeks PTO that can be used immediately, profit sharing ($1200/year), and weekly bonus/commission opportunities.

Hit me up if you want to learn more.I wish you all the best.

You can set up templates to save time and customize them to match your brand.

Hi,My wife and I purchased a home last August and set it up for a STR.