Purchase price: $74,000 Cash invested: $30,000 Beautifully renovated 4-bedroom split-level home that features a new galley style kitchen with 42" soft close cabinets, stainless steel appliances, recessed lights, updated baths with modern vanities and fixtures, large living room that leads to separate dining room off kitchen, three spacious bedrooms on 2nd level with modern decor, large lower-level family room with ceramic tile flooring with well-placed laundry cove, and recently laid sod in front and rear of property.

For investors, making informed purchasing decisions and gaining a deep understanding of the market is essential though.

If you look in sub markets of larger cities mostly around the South and Midwest it can be achieved more at scale. 

Hello Team,Currently I purchase distressed properties, flip and resale. 

Purchase price: $443,000 Cash invested: $60,000 I've included the mortgage, a 5% rental vacancy rate, and a 5% capex reserve.

That way they truly care about the project’s outcome (time and money) and are your partner helping you solve the challenges that will inevitably arise during construction.Taking a smaller piece of the pie to gain experience can go a long way in the bigger picture.  

Purchase price: $136,000 Cash invested: $10,200 Small house with detached ADU in backyard.

If this is the case then I don’t owe capital gain taxes because I paid more to purchase and renovate the LA property than what I didn’t spend in the 1031 exchange?

He may stop doing it as a courtesy, or you may need to explain that it's a requirement to keep working together and he needs your work so he stops taking other work, or he may say that he can't afford to pass up the other work and you can negotiate a better pay scale or a bonus for timely completion. 

For 2024, I will have a significantly higher W-2 income (600k) due to unplanned stock option income (company I work for was purchased).