You need to network and search online; you cannot get a list of wholesalers.Attend REA events in Detroit or search online for keywords like  "We buy houses Detroit" or Sell House fast Detroit" and call the companies that appear in the search. 

When you sell, you have to pay that tax pack, even if you didn't put it in your return any or all those years. 

. - Lose out on most (now you're stuck with that vacant lot that, if you go sell it, will be a stale listing with little/no interest), win on a few, and hopefully the wins offset those losses. 

Hey everyone, this is my first time posting in the community, so apologies in advanced if I violate any social norms here.As I understand, selling a personal property allows for no capital gains taxes to be paid on the first 250k profit from the sale.

I think there are other areas that are more exciting for a long term appreciation hold, but if your just looking to bank some short term cash flow and then add value to sell I think this sounds like a good opportunity for you! 

I am considering selling a property using a wrap in Texas.

The holding period of 60 days is also likely too quick--it's counted from the time of purchase to the closing date when you sell it, so I would plan on at least 90 days since you need to completely finish the renovations, take photos, list and market the property, get under contract and then another 20+ days to close (if it doesn't fall through during inspections etc). 

Finding properties off market and getting seller financing reduces closing costs by a heck of a lot, and often you can find sellers will not be over the top on pricing, as their properties need some work when they aren’t actively looking to sell.  

Just do your homework and call around.The legal and ethical requirements in selling your own property (whether you are listing it or not) are extremely heightened and everyone will hold you to an incredibly high level; that goes for flips or rentals.

Jack Goodwin with Daytona Capital to sell the deal.