The term wholesaling (real estate) as it’s used today is (imo) incorrectly used; what it purports to describe is actually FLIPPING.

This deal was financed with and FHA loan How did you add value to the deal?

My name is Malachi.me and my parnters are looing to buy our first investment in Cincinnati. we are looking up for mostly long-term investments using the BRRRR method (Single families)I would love to connect with investors and other people working in the area !

Tax sales are a balancing act among (1) the need of government to collect property taxes and, if owners will not pay then, then to provide incentives for investors to purchase the tax rights and (2) investors, who need an attractive return for the risk they are taking, and (3) citizen taxpayers, who should not lose their property and all equity because of small debts and perhaps temporary or at least relatively short term financial difficulties.

It will just be an informational statement that I completed the ownership change but am still the owner and no terms of the lease change including where they remit rent.

Finalizing terms now and will begin inspection period soon.

In the US, for Conventional loans, we can sometimes get the borrower on a payment plan and treat the plan as debt for DTI as long as certain conditions are met.

Also how did your tax return differ in terms of what you paid or got back from the IRS?

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kIf you are looking for a long term or short term rental in old town alexandria or just a small / tiny home primary residece with NO HOA right on King Street, this is your home.Contact with questions, interest, referrals of anyone you think might love it. more photos will be uploaded soon.

We did live in it for one year to satisfy the FHA loan and then moved out, so unfortunately it would have to be refinanced as an investment property with worse rates (8.1%) and higher LTV (25%).