We, as a Roofing Co, talk and deal with MANY clients that have aging roofs, and yes are fine, but the ins co is either wanting them to: replace the roof; pay a higher delectable; not have coverage for the roof; or drop them!

How are you wholesalers operating in other cities when it comes to paying the earnest monies?

I would have been responsible for paying this fine had I bought the property.

With all that considered, if I had just been trying to flip the houses I don't see much profit in either one once I pay commissions to sell.  

I talked to the company holding the ira and I don't have to pay the 10% penalty.   

A little background - I'm a nurse and have been hoping to find a market that pays decent when compared to the cost of living and also has high prospects for growth.

It will be easier, but you will pay 2x-4x more than you would if you were local and on-site watching.What's your plan for watching the rehab? 

Does this enable us not to pay capital gains tax?

The lender explained that the standard carve-outs include committing criminal activities on the property, failing to pay property tax and failing to purchase insurance for the property.

House hacking it for a year or so, could allow you to build up extra funds for a future down payment, furnishings, and other costs.