The first step went amazing well, but now I'm not sure how to proceed.

I won't always see every step from the beginning to the end, but with the vision of the end firmly planted in my mind I WILL find a way to get there.

You may want to search posts by allcash, he uses this method with the majority of his projects.So is a nutshell, using your own cash is not a bad idea, it is an option that is not for everyone but it could be for you.

Hello my name is Allison Hunter, I have posted before; but am looking to take the appropriate steps for longevity in this arena.

The only problem is in some states you can forclose on the lien and the IRS steps in on the forclosure.

What is the exact method that you have refined and turns out works the best?

What is the method that you use to prequalify sellers before meeting with them to negotiate a deal?

I would like to move more into flipping houses, just need to take that step.

I actually do all showings, the method and timing varies depending on the market.

From reading John's post I guess it is that is how I was calculating the 3% cash flow left over in my hypothetical.I really appreciate all of you pointing me in the right direction, my next step is to find out whether this idea is a legal 1 and then incorporate somehow the great feed back you guys provided, if anyone else has an opinnion please feel free to share it with me, thanks again to all for taking the time to respond.