Can you buy and sell house for profits?
Real Estate Professionals
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May 11th, 2010 at 12:44 pm
You can do exactly as you want with the house. If you sell it in such a short period of time and the house is not your primary residence then you will have to pay capital gains tax on any profit you make.
May 14th, 2010 at 2:20 am
it can always be done…you just have to find the right seller who is motivated enough to sell you that home at a low enough price so that you can make a profit…
depending on the market conditions it wouldnt really matter which month you decide to sell that house (of course it would be optimal when the weather is good and the house shows well) but the key is to buy in at the right price
May 15th, 2010 at 9:51 pm
It’s legal. People do it for a living. Check your cable guide so you can watch Flip this House to see what they go through. It’s not all that easy and the people on this show are “Professionals”.
May 16th, 2010 at 9:41 am
My parents used to do that to every house we lived in, we
moved once a year. For many years…and they made alot of
profit from it. I’m pretty sure, as long as you can pay off that
bank note…they don’t care, cause they’ll be making more $$
on the deal too. Just tell the bank, that is what you want to do..
Flip a house..and make a profit. Banks love that. Good Luck.
May 17th, 2010 at 11:04 pm
Certainly. People do it all the time. I knew a family that bought a house every year, renovated it and then sold it for twice what they paid for it.
May 18th, 2010 at 10:32 pm
yes you buy a house fix it up sell it for profit people do it all the time its call flip that house
May 21st, 2010 at 8:59 pm
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