Its only good for tax purposes if its still a wise investments and you do not lose money on it.

Purchase price: $20,000 Cash invested: $45,000 Sale price: $99,000 Contributors: Peter Vekselman Partner Driven and Amanda Frecks teamed up for an exciting flip on Main St, Grainfield, KS.

The idea of purposely burning down the home came to me.

For long term, the main benefit is having someone else pay off the mortgage on an asset while you collect cash flow.

This is the fork where I'm not sure if I'd be good to get some CRE exp and invest in learning about how to review deals for the next 2-3 years, or focus on generating revenue for investment purposes and watch how things are done as a LP.My personality more aligns with networking, reaching out to people, connecting, navigating difficult situations and finding solutions that work.

How do you evaluate if a property is ideal for flipping or if you should keep it as a rental? I never understood why people would have a flip, boost the value by tens of thousands of dollars, then sell it as opposed t...

The expansion of ADUs hence serves a dual purpose, simultaneously addressing housing affordability concerns and nurturing the urban economic vitality.As far as sewer and water, they would be pulled off the main in the back of the property.

I've flipped 6-8 houses, made good profit on those, and just purchased my first 4-unit multi for mainly cost seg purposes/long-term appreciation. 

The road to recovery is long, messy, and full of setbacks—but it also taught us something important: with the right support and determination, rebuilding isn’t just possible—it can create stronger, more resilient communities.Now, as wildfires tear through LA, I want to share the lessons we learned to help others rebuild with hope and purpose.

Flipping is more than likely to be considered trade or business.2) Rentals: Rentals are not considered trade or business for this purpose, so initial inventory costs cannot be deducted as travel expenses.