In addition, Ms.

I greatly admire the accomplishments of seasoned professionals and would be honored to gain insights from experiences.

Investment Info:

Condo fix & flip investment.

Purchase price: $237,000

Cash invested: $24,000

Purchased in February 2023 and sold in May 2023

What made you interested in investing in thi...

This will open up more favorable loan terms and the ability to potentially add additional contingent funds or "developer" fees into the loan which can give you some additional drawable funds to navigate any learning curves you experience during the build.

If its over two years then Capital Gains taxes are excluded up to $250,000 for single folks and $500,000 for married folks. 

What is possibly to gain?

There aren't many electricians left who know how to splice into it properly, and every time I've seen it in real life, there have been questionable modifications made to it to add circuits and things (because electricity demands have grown substantially in homes since the 40's, people want more outlets, etc. additions and remodels have been done to most homes of that vintage, usually insulation has been added around it also, creating a fire hazard if any insulation comes into contact with the K&T.

I prefer SayRhino.com but would like a company that offers many other choices like LeasyEasy or others in addition.   

In addition, master policies are increasing for condos which increases the amounts of the association.

Additionally, I have founded and operated my own small businesses in the past.