@Jacorion WilliamsStarted by purchasing a duplex, lived in one side and did Airbnb on the other side.

I'm Eric - my wife and I are exploring purchasing our first rental property, ideally in the Pittsburgh area (especially the South Hills).

Once when the replacement property is purchased and held by the 1031 Intermediary in an entity for you and once at the end when its finally transferred to you.

Purchase price: $304,000 Cash invested: $40,000 Sale price: $455,000 Contributors: Peter Vekselman Partner Driven, in collaboration with MH Property Solutions, successfully completed a fix-and-flip on W 7th Ave, Trappe, PA 19426.

Also, as licensed agents, if a home has work that wasn't permitted, we are required to tell the buyers, that should they purchase the home without permits, and the City or County finds out about it, they can make them remove any additions, etc.

Purchase price: $168,000 Cash invested: $40,000 Sale price: $299,000 What started out as a family friend needing out of their home due to financial hardship turned into an incredible project for us.

Purchase price: $127,250 Cash invested: $110,000 Sale price: $390,000 This was a fantastic flip opportunity my investor picked up in the coveted neighborhood of Mt.

[Not a CPA] The property taxes will be settled at the purchase and sale of the property.

If you're looking to do a fix and flip - you'll need to come to the table with at least 10% towards the purchase price + closing costs.

I have a family member willing to contribute 150-250k at 4% interest only for 7 years to go toward the purchase to help out and I'm just looking for creative ways to be able to take advantage of that.