All Forum Posts by: Jingru Sui

Hey Joe - wholesaler lists can be hit or miss, especially around here. I've seen lots of inflated ARV's and rehab estimates...lots. If you're looking for fix and flips, I would suggest Acworth (30101). Very close to Woodstock and it's definitely a seller's market. I just had to find my clients a home in Acworth that we had to buy before it even hit FMLS because we kept losing to stronger offers.
As we were looking, I noticed there's a lot of opportunities to buy something that needs light rehabs and make it absolutely turnkey because that's what buyers are looking for at the $225K-$325K price point.  

Personally, I think coming soons/pre-market is far superior to wholesaler lists. I'd be more than happy to discuss further and see if we can find you anything in your criteria. 

In Washington, DC, two strategies I've seen fellow BP members using to generate cashflow: 1. Rent-by-the-room in a SFH with 4-5 bedrooms (can combine this with a house hack). Rent to young professionals who can't yet afford or don't want to spend $1500 on living expenses, and are happy living with strangers in a house for $800-900 each. @Ron Gallagher does this. 2. Convert a 3-BR house to a 5-BR, rent to a Section 8 voucher holder family -- DC housing authority will pay above-market rents in certain neighborhoods, enough to cashflow. @Joseph Asamoah does this.

Flipping won't qualify for a 1031. Mind nailed it. 

Flipping = business income 

Selling a rental= capital gains that qualify for a 1031 exchange