I am guessing $1,700 in taxes and insurance, plus a profit of around $8,000 on the sale, plus getting $10,000 down on that sale and interest rate around 8%.

What proactive measures do you take to increase profitability on your rental units?

Can you borrow this money for flips, keep the profit for yourself (outside of your plan and obviously subject to income tax) assuming you pay back the loan to your plan?

I wouldn't ever consider such a high offer of $15,000; it is cheaper to just fight them in the foreclosure.I also have to think, that kind of a number blows your budget and profit into pieces.

Aside from the POF, is there anything besided paying you $200/hr that would CONVINCE you that I'll be able to buy something, and know what to do with it to turn a profit?

I simply put a 60 business day assignable contract on the property, and simply by word of mouth sold it for a $15,000 profit within just a few days.With that said, all I spend my days doing, is looking for deals and making offers.The best piece of advice I can give you, is never ever ever look at a property without making some sort of offer on it.

The deal was as follows: Estimated ARV= 180K Estimated Repairs= 50K My price= 50KIt was a gorgeous deal and I was wholesaling it to a local buyer for 70-75KBut like you say Joel, the time and money invested into the whole lawsuit would have minimized profits, emptied my pockets and filled the attorneys.

Repairs and maintenance of older buildings will eat up any dreams for profit you may have.

Hard to buy & flip to make a decent profit in Ranch C.

Because of this RDPD session, we will now be offering a lease with an option to buy on the property, which should make us a handsome profit compared to our current under-performing rent.