I am currently taking real estate appraisal classes to gain knoweledge and some day to become an appraiser.

If your buying and fixing up correctly, we have seen our pool of money constantly increasing and gaining momentum.

Lots of valuable info here

If you're young and unskilled, using that cash to gain the skills and credentials for a good-paying job would be a good investment, IMHO.

Thanks and I am enjoying all the posts - it's such valuable education!

I know this is all theoretical, but you guys aren't taking into account lots of stuff like taxes he has to pay on his flip gains.

Hoping to gain a lot of knowledge from this site.Thank you all in advance.Criselia Rendon

If I sold then I would pay (15% cap gain tax + 8% state tax) on that 60k.

We pretty much gain mostly on labor and discounted materials.

Unfortunately I have little to no experience in this field and I would really like to become a little more knowledgeable and gain some experience before I start a rehab project.From all the stories I've heard of contractors overcharging for exorbitant amounts of money/stalling projects and draining money I feel as if the one thing I'm really lacking is knowledge in construction.