Kyle has grown from 5k to 63k in a 20 year period of time.

I will have to pay capital gains taxes in either case as I've owned less than a year.

There may be other ways to structure it, but yes, FHA would require him to qualify on income but if he has not been earning income as a wholesaler for 2+ years and has two years of tax returns to show for it, it is unlikely he would qualify.

Some alternatives that I have considered is purchasing a single-family home, living in it for a year as a primary and then moving and renting it out, or looking for a single-family home with a decent-sized basement and converting that into a unit.

Looking at redfin history the prices have been going up rapidly 10-15%+ a year as well as rents up 50% from a few years ago.

@Hardy Davis  As long as you've lived in the property for two out of the previous five years, you could qualify for the 121 exclusion.

I found value in it, so I have renewed my membership each year, but the students definitely got more aggressive in the underwriting the last few years and now those deals are paying the price.

At 36 years old, I bring a passion for football and music into my daily life, which keeps me motivated and balanced.I’m eager to connect with fellow investors, share insights, and learn from each of your experiences.

We used Eastside on 3 flip deals last year and two this year so far.

I just purchased two rental properties in OH last year.