I completed three flip projects and resold two of them on land contract for a nice positive cash flow...and will have a nice pot of gold at the end of the balloons.

I've got some great deals and experience with them, just lacking the capital to make the pot a little sweeter.

- Current owner claims income from the lot at $38-40,000 per year, but I failed to ask if that was gross or net. I

My net is going to be around $12000.

very interesting. this is something i will have to bring up. i mean i know i cant get in any trouble but if im doing the deals down here then they get in trouble and fold, now the agents here would be looking at me and wondering if im doing the same thing and make me look bad. well, i dont think they are by the way he explained it i think the net is the net like its suppose to be BUT i was brain storming trying to think what would a company do if.... i just didnt want to have 60 deals in the pipeline and about the 3rd month the checks finally start to come in from closing them and its like hey heres 500 bucks thanks..... because they sent all the profit to the negotiation company as a giant fee to avoid capital gains and the only thing that flowed to the other company that i get my split is 2k. that would suck.

It was purchased for $250,000, so that leaves $450,000 plus depreciation for NET. I

You will not likely to get an answer here unless you spill the beans, the whole pot, as to what you plan to do.

Now that Will just got another 100K in his pot, he could then afford to make you a loan with another 100K on favorable terms, with a little profit.

Like a chair or rug or planted pot or just the cleaning bucket or ladder.

Some lenders will deny approval because of this, but an increasing number of lenders are receptive to this arrangement if the net is otherwise acceptable.