If I find the deal, and a credit partner gets the money at 3.75% (or even at portfolio loan rates), we split the downpayment and split the profits 50/50.

I have a deal I think is very profitable.

Transactional funds (or the cuts into my profit) are something I wanted to avoid.

BUT if you can still turn a profit by paying those rates you should still do the deal.

The more that is paid the more of the profit you recognize.

.- After Repaired Value (ARV)- Rehab & Construction- Closing Costs - Purchase Side- Closing Costs - Resale Side- Real Estate Agent Commission - Resale Side- Property Taxes- Insurance (1 year)- Utilities (6 mths)- Interest Payments (6 mths)- Rehabber Profit Requirement

As a lender I also wanted to see that the profit estimated was not only reasonable but sufficient to conduct that business.

Transactional fees are eating into profits and I need too find another way too wholesale.

Real estate investors who focus on flips are being outbid all across the board, as groups of eager foreign investors bid up properties to the point where there is no profit to be made.

If you are only realizing a $10K profit - that will be quickly eaten up through closing costs (both in buying and selling), any repairs and cost to sell.I believe that you would have a much better return if you looked into foreclosure properties.