This is a thin deal, but I need the experience, I'll make my profits on the next one. 3.

I then make a 42,500 profit immediately and request a 5 % down{7,500} from the buyer.

If you buy then there is the interest on the money you borrower (minus possible tax savings) plus all the maintenance costs.Long term owning a house looks to be profitable.

I flipped it to an investor for a $7,000 profit.

Is $5000 too much to ask for an assignment fee for a duplex if my:ARV $81,000Repairs $20,000Purchase Price $13,500 Closing Cost $8,100Estimated Profit $39,400 or Estimated Monthly Rent $1100-$1500Now this doesn't include any holding costs such as mortgage pymts, taxes, insurance, and utilities.

Help solve it if there is a profitable way to do so.Note: Once you successfully do this for one you can honestly tell others that this has worked well in past.

It is a foreclosure duplex 2600 sq ft assessed for 94kAsking 35k I will offer 25k plus 10k to fix upBefore the bank took it the property was renting 650 per unit with tenant paying for everythingThe agent told me that the previous rent was a little lower than market for a 3br apt.IncomeAnnual rent (based on 600 per unit) 14400ExpensesTaxes-3900Insurance-980Property management-1440Vacancy(5%)-720Maintenance- 1440Total-8480Net Profit- 5920 Loan at 8% with 3500 down= 231/per month, annual- 27725920-2772= Cash flow- 3148The agent said That after fixed I could get easily mid 60's and that is even 30% below assessed value so should I cash flow this or just flip or neither and wait for a better deal?

It could be that each lawyer only brings 1 deal in 18 months but the deal is highly profitable to your business.

I know I'm in a great situation either way I go but just would like some perspective and advice.As far as potential flips, yes I have a piece of dirt I'm trying to flip now potential profit of $10K-$15K.

Obviously the retail and big down payment parts are extremely unattractive, but I'm hoping that negotiate him down on price, and make up for the rest in terms.I think the chance of successfully reaching a profitable arrangement is very low, but it's worth it for me to get experience in negotiating and considering terms.Before I jump into this, I would like to know how the heck do you write a note?