Closing costs eat up so much of your profit even when you're selling yourself.

To buy a new car with a sizeable rebate that will eat up some of the negative equity and put the rest down.2.

I mean, unless we are talking about houses that are little more expensive than average, then it would seem to me that the simple holding costs for a year would eat up a lot of your equity spread.

Is there another way to make this work without it being illegal and eating away at the wholesale fee with the double close.Thanks

I'll help you anyway I can here.To be fair, my point was that there are slim pick'ns, that translates into higher prices for potential fix n flips, higher material and rehab costs for small buyers, higher costs for labor if you can't give a few guys steady work and I failed to mention the 2,000+ agents crawling all over town trying to get a listing from the 100 people they know.You're welcome to try.... do you eat BBQ?

There is another building right next to it, a church and daycare in the back of it and businesses within walking distance to eat and shop.

Or do you people go out to eat and stiff the waiter or tip a waiter that has a different table .

You can't cash out refi because the closing costs and payment will eat you alive.

But I worry a bit that all the transaction costs (time and money) in finding and buying the house on the front end, and and selling the house on the backend, with accompanying paperwork/legal/etc, would eat up so much margin as to make it difficult to make real money on the rehab itself (i.e. improving a run down property back up to 'market' value).For those doing 1 & 4 (straight flipping or rehabbing and flipping), how do you find properties priced low enough, and sell them high enough, holding down your costs all the while, to make a decent profit?

I don't have a problem going into debt for real estate, but I just don't want all this credit card debt eating up any more of my income.