Your team can provide valuable insight and help you avoid costly mistakes down the line.5.

Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.

@Muhammad Kashif Flipping a property in 6–9 months results in short-term capital gains, taxed as ordinary income (up to 37% federally, plus NJ state taxes up to 10.75%).

@Enrique Toledo  Any update on this potential deal and what you wound up doing?

By carefully managing the scope and cost of renovations, you can maximize the return on your investment.3.

Processes have been set up to provide a degree of protection to parties  involved in subject to transactions.  

If you aren’t saving the money up to buy another property chances are nothing will pay a higher rate than paying it towards your mortgage.

This increased the time required which ended up costing others clients promptness.

None of these things will bring success tomorrow, but with doing them consistently every day, I will wake up in 5,10,20,30,40,60 years and be miles ahead of everyone else.2) Never stop learningThere is only growth or decay, there is no middle ground.

A lot of private or hard money lenders won’t mind if you live in the property while you’re fixing it up, as long as you meet their terms.