That is what it all boils down to.If a lender asks what your plan is and you say there is a new slot machine in Vegas you want to try out, that probably isn't going to fly.If you say you found a 4 bed 2 bath built in 2015 that you can buy for $350,000 and after fix up of $40,000 will sell for $500,000 that gets the conversation started.

At this time, we have given up and will sell this property next year.

Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flipping homes (primary residence) in the past and is aware there is a limit on capital gains tax for profits under $250k.

@Angela Toy I would reach out to lenders and agents on BP to see how they can help as an easy first step.

For 2023 TR, IRS held 10% of the selling price because I am a foreigner.

SELL: ~720K (loss ~30K), 2.5% mortgage rate 27 yrs left.

.🏠 I got interested this last year after my parents had to move again from their rental, as the owners decided to sell.

BUT... there are PLENTY of people that want to sell their house even if the offer is lower.So people thing we just get really food leads...Nope..We get ALL leads.

Start by reaching out directly to owners who might sell but haven't officially listed their homes.

The entire call felt like  a hard sell 101 time share experience.