Real Estate Rookie Making $92,000 (Tax-Free) from One Real Estate Deal
Sep 15, 2025
Tony Borman, a savvy real estate investor, shares his journey of flipping properties for massive profits, including a remarkable $92,000 tax-free gain. He reveals how he started with no money down and transitioned into successful live-in flips. The conversation dives into the importance of keeping a W-2 job to cushion financial risks and the relentless quest for reliable contractors. Listeners will learn about common mistakes in property analysis and vital strategies for maximizing resale value while navigating the complexities of property taxes.
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$0 Down Buy With Family Help
- Tony Borman bought his first house with 0 dollars down by borrowing the 3.5% down payment from his father-in-law.
- He and his wife lived in and rehabbed the 1950s house, learning repairs while stretching a tight mortgage budget.
Three-Year Live-In Flip Experience
- Tony and his wife lived in their first flip for about three years while making renovations and handling tough repairs like a failing well pump.
- They rented out a room (an unsuccessful house hack) to help cover costs and even had to evict a nonpaying roommate.
Boost Value With Low-Cost Character
- Focus on character-driven, low-cost upgrades like planter boxes and outdoor living areas to help buyers imagine living in the home.
- These inexpensive touches can boost perceived value as much as expensive kitchen or bath projects.