I bought a single family the end of last week, $28000 which paid the taxes current and gave the seller $20000 to pay his taxes current and keep both houses from being tax foreclosed.I didnt even want the sellers personal house, dog urine dripping through the floors etc.Anyway i paid him what he wanted.My manager met the tenants today,seller said rent was $600,they told my manager $575, regardless it will be listed in a few days. i expect to list it at $74900 and the locals will fight over it, they can have it and the tenants and they can evict them.I always like the first couple days a place is listed --143.198.xxx.xx

What kind of condition is the house in? --73.19.xxx.xx

6x6 good roof,good exterior siding. interior is good enough that i wont do anything. this city is full of people from Guyana who have been good for the city, most likely one of them will buy iy, they move up from NYC for cheaper housing and do a nice job with anything they buy.This is the city i got my start but rarely do a deal there anymore so i am happy to just sell it --143.198.xxx.xx

I am not a fan of doing Sub too and leaving anyone in the place. It doesn't sound like that is what you did, but I am letting others know that that path has lots of potential pit falls --173.188.x.xxx

Thank you, Ken. --73.19.xxx.xx

Ray,not sub2, i just paid the back taxes and gave him 20k, i do sub2 but only for flips --143.198.xxx.xx

You should consider doing this as a job, ha ha. --107.147.xx.xx

How are the taxes on capital gains/self-employment taxes from flips? How do the numbers work out from a practical standpoint? --172.59.xxx.xx

--184.4.xx.xx

Congratulations Ken! You're rolling! --172.56.xx.xxx