All Forum Posts by: Walter Sauls

Thanks for the input, and also for the professional sarcasm. I'm simply looking for a better way to invest the savings account that will offer a better return. 

Matthew 25:18 Context

15And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey. 16Then he that had received the five talents went and traded with the same, and made themother five talents. 17And likewise he that had received two, he also gained other two. 18But he that had received one went and digged in the earth, and hid his lord's money. 19After a long time the lord of those servants cometh, and reckoneth with them.20And so he that had received five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more.21His lord said unto him, Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord

I'm the treasurer of a small church. We are looking for ways to invest the savings account for a better return. We have the money currently invested in CDs. When i get the statements it's obvious that the bank is the only one benefitting from our investment. My thought is to purchase single family homes to flip. I'm not looking to provide low cost housing, my thought is to sell to the general public as any other investor would. 100% of the profit would go to the church to fund maintaining and expansion of our facilities as well as support for missionaries and local outreach. Does anyone know if we can flip properties without effecting our 501 c3 status. 

Thanks Curt,

I have been making my offers through a realtor.

I appreciate  any advise you  are willing to  share, where do I need to be  looking to buy  properties? 

Thanks for the reply. Am i doing the math correctly? Can you suggest other avenues to find properties?

I am a new investor and licensed contractor. I have been making offers on REO properties to flip for 3 months. Offen I never hear back from the sellers agent as to whether the bank accepted my offer or not. I must be doing something wrong. Here is how I determine the offer price. I take the ARV established using my realtor's CMA of the property and also I do my own CMA and compare the 2 then I divide the ARV by .65 and subtract repair cost and holding costs to establish the offer price. Please tell me what I am doing wrong.