I am an investor looking to build a strong power team in the incredibly hot market of Denver, CO.

House is in Desert Hot Springs, CA. 

I was uncomfortable but I thought that maybe this was the way commercial deals worked.The GP predicted selling the property for $3.1 and then signed a deal in January for 2.78, which seemed low given the hot nature of the market and the improvements done to the property but I didn't really have any recourse.

The first flips were during a super hot market, so 1 was an easy rehab and the other I purchased at a discount for cash simply resold 45 days later for profit.

Get yourself a Bosch Bulldog rotary hammer with a 1" wide chisel bit and that will remove the tiles like a knife through hot butter.

Thx again in advance.Expenses Annual Figures R/E Taxes $9,756 Insurance Premium $3,000 Maintenance $4,000 Water & Sewer $3,000 Common Electric $700 Gas Heat/hot water $0 Tenant Paid Management (5%) $3,937 Garbage $0 Ind.

Hi there -- I'm very new to RE and BP, so apologies if common economic logic already answers this question.I live in Chicago along the Blue line in Logan Square, which is a "hot" neighborhood.

Since it already has the ductwork, it could be replaced with a forced hot air furnace. 

I hate when people say "I can't find a deal" or "my market is to hot," etc....Obviously its too difficult to compete with the people who flip 20+ properties a year.  

On the 3rd Sat. of the month we have a MeetUp for real estate investors in Hot Springs.