Property flipping is not illegal per se; however, when an immediate resale is attended by acts of fraud or misrepresentation, including but not limited to, appraisals with inflated property values and other misleading or fraudulent documentation, it can result in a predatory transaction.

I know SE Michigan quite well, grew up there.

If you're looking for appreciation, you may want to look past Detroit.When you buy properties in the SE MI area for less than $5,000 which rent for ~$400 a month, it's almost impossible to go wrong.

Scenerio 1: Commercial loan, TX, S/E, 80%, Stated,645 mid score, Value 1.4 Mil. sales price is 1.1 Mil.

For example, if I click on a link that claims to be for "20 acres, wooded, with stream and spring, near Danville, VA" and get dumped onto the front page of the site of a broker who has offerings all over the SE, that is a borderline scam, and (worse) a colossal waste of my time.

Possibly an S Corp, where you pay yourself a small reasonable salary that gets taxed at ordinary income rates, plus SE tax.

And by paying for this overhead, they're not going to hit the 2% / 50% numbers per se....but they're more than free to pick up a hammer if they really want to.

My name is Kevin Wilson and I live in Chandler, AZ. I am a relatively new investor. Two friends and I started ZWS Properties, LLC with one REO purchase that we are renting out in Queen Creek. Currently we are “sl...

My primary business is construction financing and concentrate in the SE US.

My real estate office is downtown, I live in SE aurora.