If you just did this work full time as a contractor on other people's properties I think you could make way more then the $40 profit in 2 years (+ free living while you do it).Or continue to do flips but oversee the work on yours and several properties at once and leverage that skill into more profit.Just food for thought as to how you can take that passion and skill that you have and make it work for you even more.

If they can't get financing you can still sell it at market value for a $30k profit.

The owner has a mortgage on 3 of the properties, which I assume he's trying to get out of (not sure if he's trying to also make a profit on them or not, but likely so; he's not interested in a short sale).

It's that or nothing out here and although house out here are profitable at 200k we in Canada have a floating rate 2.5% but it can go up or down, so if it goes up to 5 % 200 k dept is going to be ugly.

Resale Proceeds: the net profit from the sale proceeds would be split 50-50% between Managing Member and Capital Members.I hope this helpsAnkit

." - http://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/Later on she said, "When I work with other wholesalers I get part of the profit if I find a buyer.

I've found a partner who is willing to co-sign in exchange for a share of the profits including appreciation.My question is how do we determine the property value at the beginning and at the end of the partnership to determine the appreciation?

And, if the properties are truly profitable, I want to roll the accumulated earnings into more properties.I self manage, and I'm willing, for now, to put in my labor for free.

As best I can tell they give grants to non profits in the form of property and cash but i'm not really clear.Anyone heard of this before?

I'll do a quick calculation to see if the property is going to be worth going to look at using estimates for rehab.Calculation:Rental rateminustaxes: this will be on crsdata Ins: I usually calculate $1000-1100 for the yearMisc: 10% of rental incomeProperty manager: 1/2 1st months rent plus 10% of the next 11 months usually comes out to 12%Exp:Rental income: $750(property management: $100)(Taxes estim $900/12: $75)(Insurance: 1100/12: 91.66)This is variable it could be lower(misc repairs in future: $75)= $408.34 per month profit or $4900 a yearThis is a great profit if you get a house rent ready under $20K.Thats a 24.5% Cap rate.