Here's an example...Home as an ARV of $300,000I place home under contract for $165,000Place it on the wholesaling market for $175,000.Profit potential of $100,000+My assignment fee = $10,000Am I missing anything?

Repair costs are estimated at $10,000, so profit would be $44,500.

It ended up saving a 10k profit, so it was completely worth it.

Houses in my neighborhood are just not selling for the price I can afford to sell at.I want to get a lower percentage of 4% if possible to make renting it more profitable but if I do manage to sell the place I don't want to lose money on the refinance.I am checking out the internet but I feel I can't find a site that will educate me without them wanting my personal information or me feeling like I might be falling into a scam site.Any direction would be great, thanks

All should be answered before anyone can possibly give you any useful advise.Here is the Formula I use to find my Maximum Offer Amount.Example:say the ARV is $100kRepairs are $20K40% for closing, holding, taxes, insurance, etc and profit (depending on your market this could be 30% or 35%)I use 40% to make sure I have a very good assignment deal any investor would want.The most I would offer would be $40K, But I would start at $25Kor$100K ARV-$20K Repairs-$40K 40% Profit and costs =$40K Maximum Amount I Can PayThe Numbers are what will tell you where you need to be on price NOT what you have to spend.Again, this is just an example you will need to input your own numbers to get YOUR Maximum Amount you should pay.Hope this helps

For those who want to see faces, build profitable relationships, and do deals - get out from behind your computer!

But in the end I made a cool 22k profit.

That amounts to $250,000 a year in net profits.

I am making a good profit and I know now is the time to buy.

Other solutions, while not as clear cut, and not as profitable, could run as little as $2,500.00 in start up costs, with no real ongoing costs to speak of, and is probably the only practical strategy for a smaller operator.