but if i go in a LLC with them i get hit with the tax from the sale of the homeThe GC and the flipper were just going to split the profits from the sale of the home and they were going to pay me 2%/12% for the duration of the build. 

.💡 Tax AdvantagesThis is where my tax brain gets excited!

Exactly if its a hot deal cash just means you beat out the next guy who needs financing does not mean deep discount .. at least in markets were RE is sought after.

In North Jersey, buying is difficult from my beginner perspective with high prices, property tax, etc.Barrier to entry feels high in my area.

Most of the “deals” have no meat left on bone except for maybe a long term rental hold after repairs.They ironically sponsor a lot of the meet ups I’ve been too here in DFW. of course they do they live and breath on newbies..  

After 20+ years in Tampa, I’ve seen that the best agents don’t just sell you a dream—they give you real numbers, honest comps, and realistic projections.

I’ve lived here my whole life and worked hard to buy a house in my parents' neighborhood, which is the most sought-after area in the city.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC (you can elect to have a LLC taxed, as a S Corporation which is a whole other conversation).If you want to close in the name of a LLC, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).

So if you have the property for a total of 10 years, moved in at year 8, little value or tax advantage.

If it was built after June 15, 1976, it is a manufactured home and is built to the construction standards that HUD, Housing and Urban Development, set at that time.