@Sam Van HorebeekInteresting, a few years back in Sacramento we had a bunch of Chinese investors buying up bank foreclosures by the bundle.

Hello Sam, I work with couple GC in LA and OC areas, if interested I could message you.

Sam Ven like Tom said in short no...but again you have to understand the individual states laws.

So if you are in a 22% tax bracket, you will pay 22% + 15.2% for a total of 37.2% of your profits, will be your taxes. in the worse case scenario, you could pay as high as 39% + 15.2% = 54.2% so in that case, Uncle Sam made more money on your flip than you did.However if you place the property into service as a rental, and if that was your intent and you can prove that to the IRS, only then would you pay capital gains instead of ordinary income taxes + self employment taxes.

Sam,if you are doing worcester, MA then refinish the floors or vinyl plank. 

Anything Sam Zell.

@Sam A. 

Originally posted by @Sam Lewis:Originally posted by @Mark Franklin:Originally posted by @Dennis Cosgrave:It is not just the WFH phenomenon that is driving this trend.

Originally posted by @Sam Sendgraff:I am looking for locals lenders that offer fixed rate loans for 15 or more years to investors that already have 4 or more loans.

Sam- I'm sure there are many on here that wish they'd started paying attention here before making certain mistakes.