Purchase price: $230,000 Cash invested: $60,000 Sale price: $397,000 We did this a while back but I'm just now making a profile on here.

We've seen record sales in the over $10mil market (which I will say is a small market probably compared to NYC, Miami, LA, SFO, SEA).My thought is the biggest risk seems to be 8+ year and older homes in the suburban markets, that have not been updated and over $1mil. 

On top of that, there's a bill working it's way through the state to add an additional sales tax on real estate.

Property that is purchased and fixed then sold generally falls under intended primarily for sale. 

As an owner I do understand the annoyance of this, especially if you were to back out of the deal and then having to deal with the issues of tenants worrying they'll be displaced, mismanaged upon sale, etc.

If I 1031 I get to further delay the taxes even upon sale. 

Vacant for 15 years, been for sale for years, MLS How did you finance this deal?

The most recognizable is the comparable sales approach which uses comp properties to assess value.

If nothing else I take responsibility for that and will work to improve our communication systems between our franchisees, client success and sales team that's valid.As I have done before I'm a big fan of transparency and this forum, and will happily talk to anyone that has concerns about how we do business.

Can I just download a California Real Estate Purchase Agreement template from online, fill it out and move forwards with that?