Quote from @Daniel Segovia: What has been your biggest win as a private lender this year? 

Yes, there are times they do win and make money, but not on a frequent bases in my experience.  

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

Quote from @Ruth Garcia: @Jamie Banks Congratulations, great win!

If you’re in the position to buy multiple deals because this nursing home may get properties frequently.

Borrowers like that.Since money is the lifeblood of all house flips, I consider this a win-win for everyone.

So I get exposed to really great deals pretty frequently.

Likely this will be tied up in court for a while.Then I would guess they would give everyone time to do it.If they win their challenge then you would never have to do it.

Particularly for your first few properties, I'd highly recommend that you manage the property yourself (if possible), but that's usually only possible (or most effective) if you live near the property or visit it frequently.

We are frequent users of the Rental Property Calculator and have found a few promising leads thus far but also know that is just the beginning of the process.