Hello Everyone, Greatly appreciate any thoughts on the matter.We have a property in Big Bear, CA and it is making a small profit this year, but it is strictly an STR.

The point is to profit by finding a great deal on a property, then passing the deal on to another investor willing to pay more.

The system I use for cash management is called "Profit First".

Sell After RenovatingRenovate and sell the property before you leave to potentially make a lump sum profit, especially if market conditions are likely to improve.5.

If the companies are large enough, and can tie down enough real estate at low prices to make them work, it can be profitable. 

There are a lot of considerations for both options before you can figure out your expected profit/return.

I started off profiting $1500/month as soon as I bought the houses (all within 2 or 3 years ago) vs only $300/month with normal rentals that rent to a family.

For instance, having a network of experienced investors can help you navigate challenges and identify profitable opportunities more quickly.Another consideration is the potential benefits of passive income.

- Many flippers cut corners to boost their profits.4) Why are you worried about renovation percentages, when most already done?

You'll NEVER go broke taking a profit."