Purchase price: $1,000,000 Cash invested: $200,000 Purchased a 26 unit apartment building in Little Italy, (downtown Omaha), with the intent to reposition through exceptional management and increasing amenities offered to residents.

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Not for any ill intent, just for common sense liability, the property is pretty rough but the buyer is a seasoned contractor who's done this a million times.

Hi guys,So, I'm looking to purchase my first home with the intentions of flipping it.

I'm intentionally vague by describing it as a "long-term" goal because I think its unrealistic to make a timeline without having done my first deal.The first step in my mind is to find a partner.

If you're truly approaching your sellers with an intent to help, and are concerned about helping them get from under their jam as soon as possible, you're on the right track and risks are low!

You need to make it clear that is your intention and contracts are not something to cheap out on go talk to a lawyer in your state.

If not - educate yourself first before you buy a 3/3 with that intention.3) Do you know what the 50% rule is?

My intention of this post is not to offend.

That's usually to the advantage of the client and easy to justify as your intent in the 1031 was to shelter gain.