Our desire is not just to generate profit; we want to provide beautiful homes to first-time homebuyers and help improve the aesthetics of the community.My background: I grew up in La Grange (where my parents still live), but I have spent the last decade away from the Bluegrass State (and bourbon country) while serving as an Army officer.

Remember, in order to wholesale, an investor needs to get it cheap enough to be able to make a profit in between and still sell it cheap enough to be a deal for the next guy. 

A Profit Loss statement is nice, but I'd like to get more detailed.

If you buy a property for $7K does the cost of repairs it needs make it worth doing, meaning: can a neighborhood where properties go for $7K also have comps to support the value for a finished house that's priced at an amount that makes you any profit?

If you think you'll make a good profit from the deal, maybe ask other wholesalers in your market to provide the 2k and then you guys split the profit.

My main questions are around how to structure entities, taxes, profit handling, and overall process.Thanks!

Hello All,I am a first time investor recently purchased two multifamily properties (4 units) - 3 are currently rented and 1 is under rehab. the properties are in not so good area but has a potential to generate positive cash flow if all are rented with min maintenance.

His fear is that anyone I would be dealing with would be such lowly people that they would do too much damage for me to make a profit, or won't pay rent, or that I won't be able to actually keep it rented and will end up in foreclosure.

Worked out well and I was able to give a slight discount to renter/purchaser without it hurting profit margin

Trust and can I breakeven/profit from the setup?