.• Person C is still alive and will be selling the real property today for $290,000 with an expected net profit of $235,000.Overview of Ownership and Basis Calculation1.

It's a simpler entry point and aligns well with serving protected classes like veterans, seniors, and single mothers—key to ensuring stability against HOA or city issues.Begin connecting with non-profits and agencies that help these groups find housing.

My initial thought is to do a HELOC loan and pull out enough to do a flip and then rinse and repeat with the profit from that.

There seems to be some lack of knowledge on the owners' part come to think about it.Do you believe the wholesaler was up front about never intending to close on his behalf and simply profiting from being the middle person?  

By optimizing operations, leveraging technology, and exploring diverse markets, you can create a structure that grows efficiently while maintaining profitability and reducing risk.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $9,500

Sale price: $15,000

Tax defaulted property in Michigan

Make sure to draft a solid operating agreement covering decision-making and profit distribution.This post does not create a CPA-Client relationship.

LCC as a basic pass through and limited partnerships depending on equity arrangements and profit share of the parties add that extra level of flexibility and not needing to split potential individual partner costs or liabilities.  

Of course I'd choose a place closer to a train station in a larger city but, I'm not looking to make insane profits.

The increases are not strictly about creating more profit for a Landlord, but rather more often than not, they are necessary to keep a property in good condition (including good financial condition), meet safety standards, and ensure a comfortable living environment.