When you sell a rental property at some point in the future (at least a year out), this is not viewed as a flip transaction, but rather just a reallocation of the IRA from holding passive real estate to holding cash.Your example of buy, fix, rent for 3 months, then sell would likely be viewed as a flip, especially if you repeated this pattern with multiple properties.The IRS does not define a "flip" in clear terms, but has a full set of measures they would apply to real estate transactions to determine whether something is a passive investment or a trade or business activity similar to competing commercial enterprises.  

Hello everyone,I'm buying a buy and hold in Staten Island, NY.

If done responsibly (budget realistically and hold reserves), I see no reason why you can't double your portfolio.Best of luck.

. ; Buy and Hold ; House Hacking ; Fix and Flip ; Action Investors ; Foreclosures ; REO ; Wholesale

I have a tenant who recently moved out of my rental unit, and the new tenant has moved in.The former tenant asked if I could have the new tenant hold any mail that still comes in his name, so he could pick it up.

I lived in Berkshire county for 2 yrs quite some time agoDidn't appear to be great flipping area but good buy and hold areamaybe things have changed and GE  or other companies have brought jobs there best of fortune  to you . 

It protects them and allows you to keep your holding costs down a little.I've never done it, but I've arranged financing for it a couple times and had the deal fall through (knock on wood).Beset of luck!

Wholesalers, Flippers, Buy & Hold investors, and anyone in between is welcome to answer. 

But I went ahead because my goal was buy and hold with 100/unit/mo longterm and it seems to do that assuming I can manage the transition from current rent to target rent.  

I'm not looking for a buy and hold property at this time so I'll do more research into the tenants once I get that info from the prospective seller so I can get it the lender if the deal looks like it may work out.Thank you!