As wholesalers, we’re trained to look for distress—motivated sellers in tough situations, properties needing major repairs, or financial struggles forcing a quick sale.

Louis area and I work for Remax Best Choice.I used the cash-flow calculator to check the 6 properties we just closed on.

We are working on getting a new insurance policy for one of our properties. small 3 unit property on the Oregon Coast.

Love your journey so far—turning that first property into a big win is inspiring!

Keep in mind that inexpensive properties are inexpensive because they are less desirable properties in less desirable areas and attract less desirable tenants.

LLC Taxation for FlippingSince you’re flipping the property in under 12 months, the IRS usually treats it as ordinary income because it’s considered a business activity, not a long-term investment.

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date. 

I’ve been diving deep into the world of real estate investing, with a strong focus on acquiring rental properties and eventually scaling into larger deals.

Not sure if your property is in that area as you are a bit West.

That said, I live in Texas, and I have found that the property taxes and insurance are prohibitively high to make a short term rental work here.