Furthermore, the AML rule applies to residential mortgage originators, regardless of whether they receive compensation or gain for acting in that capacity.

I am buy and hold only, but I would do a flip if I felt I could walk away with enough cash.Based on the amount of profit you stand to gain, I would sell it and take the cash for your next jobs.

My goal in real estate and this site is to gain as much knowledge as possible and to ultimately become successful in this business.

If I could carry the financial weight to rehab & hold, I would, but I need to get started somewhere.

, what you paid for it - the depreciation claimed + any appreciation gained from major repairs not fully depreciated subtracted from your sell price is what you would be taxed on. i believe anything you do will trigger the DOS clause, I'm not a banker and maybe there are others out there that know of a way around it, but if they can't get a mortgage i don't know any way around it but to sell it  on the market. i would also like to hear if someone has a way around this for my own knowledge.

So if you have invested wisely and as many people have used Real estate to gain wealth, then you can self insure.

In the last few years I started a house flipping company with my family which has been pretty successful but I am excited to join some conversations and expand my network to gain even more knowledge in the industry!

I went to gain a little perspective on where I wanted to go moving forward... and, for some fun.

Hey, I am new to the site and looking to gain information on real estate investment so that I can take that plunge into the business.

Not only will you gain valuable experience, but you'll also save some money.