I have a real passion for real estate due to the difference that it can make in the community, people’s lives, and the wealth generation possibilities that it creates.

A low price is no guarantee of profits. 

Just like any other investment, if you take into account all your costs and buy at the right price, you can still make a decent profit.

This is maintained by the specific attorney’s office for the specific foreclosures they are performing.Although very profitable, Foreclosures are a poor choice for wholesaling, unless you have substantial capital.

For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).

You're going to need 15-20 duplexes that are considered good deals to get to that kind of profit.

Double check on permits if the previous owners has done a remodel.Do not rely on agents representation.Do not work with a dual agency as a buyer, the agents first commitment is to the sellers.Allow at least a year of seasoning before determining the profits of an investment.Happy to share.

Even if the property were to sell it $180,000 that's a lot of risk for 30 K of profit.

I manage the property and the tenants, pay the owner of the property a rent that meets their mortgage plus a little profit, charge fair market rent from the tenants I sublet to, and exercise an option to buy the property after a predefined term and at a predefined price.This way tired landlords don't have to manage their property anymore, and I start investing with little to no money.

All cash costs, and negative CF is a loss, must be recovered before you can make a profit.