If you look at cities that are growing, such as Jacksonville, Nashville, Tampa, Dallas, and our favourite - Phoenix you will find great deals in C/B areas that have great cashflow and will also appreciate.Expect to pay more than 39k (also remember to include the exchange of 30%) but a lot less than $300k like that property in Peterborough you mentioned.

They include a number of local economic data and highlights as well as information about the team.

I believe there are less than 1,000 people in this country who earn more than $100K in profit wholesaling over the last two years, and even that's hard to accurately pinpoint, because most wholesalers, excluding the folks who sell expensive courses, tend to have larger holistic real estate businesses, that include flipping, hold, private lending, turnkey rental sales, construction, and other related businesses. 

What is included in that $16k?

Long term I would like the property management company to have +-200 units including our mid/short term and a team of 3-5 agents working alongside.

The 2nd and 3rd floor needs rehab work including, - Full Painting Flooring (Vinyl/Linoleum)- Replace Kitchen cabinets- Renovate the Bathrooms (replace tiles)- Drop a wall and make a corridor- Electrical throughout My question is, do I need to apply for a permit for all of this work?

My capital gains will be about $150k.I'm thinking about raising my realtor fees (ie 10%-20%) in order to lower my capital gains reported.So it would look like this:Sale price= $245,000Realtor Commissions= $24,500(at 10%) -My managing broker only charges me $500 for each transaction no matter how much the commission is so my splits will not change at all based on the percentage.capital gains (figured after ALL selling costs including commissions noted above= $125,000If I do not claim realtor commissions, my cap gains would be $150K.

Typically, it's applicable to certain types of property, and the rules can change.Regarding short-term rentals and bonus depreciation, the Tax Cuts and Jobs Act (TCJA) introduced favorable changes for businesses, including bonus depreciation for certain qualified property, but the specifics can depend on your situation.Using your property for short-term rentals may affect your ability to qualify for certain tax benefits, and the classification of your property (personal residence, rental property, business property, etc.) can impact the tax treatment.The IRS has guidelines regarding the depreciation of rental property, and bonus depreciation may not always be applicable to residential rental property.Additionally, if you decide to switch the use of your property (from short-term rental to long-term or mid-term rental), there could be implications for tax treatment.Given the complexity of tax laws and the potential impact on your specific situation, it is strongly recommended that you seek advice from a qualified tax professional.

These enhancements included a range of updates and repairs to modernize the home, improve functionality, and enhance aesthetic appeal, making it competitive in the local real estate market.Holding Costs: Throughout the renovation and sale process, holding costs amounted to $5,000.

Being honest though the extra 20% back into my pocket wouldn’t even come close to breaking even though obviously.