As agents, they receive a commission of 2.5% to 3% on the purchase and save an additional 3% when selling, as they can list the property themselves.

You can count the additional units income potential in your income to help you qualify (plus the lease of your exiting property).  

I know it is profitable, Were you able to get any additional information on this?

Second, if youre doing fix and flipping in addition to your W2 income, how does that factor in to your normal taxable income from your W2?

@Kevin Nelson  In addition to the above response, seller financing with under 20% down can be hard to get. 

This move is expected to generate an additional $30 million in operating profit for the fiscal year.The closures come as Seven & I consider a higher unsolicited buyout offer of $47 billion from Alimentation Couche-Tard, the parent company of Circle K.

Installation Costs and IncentivesAverage Cost: Residential solar systems typically cost between $15,000 to $25,000 before incentives for a 6kW system (suitable for an average home).Incentives: Illinois offers substantial incentives, including:Federal Tax Credit: A 30% federal tax credit applies to system costs.Illinois Shines Program: Provides Solar Renewable Energy Credits (SRECs) that homeowners can sell for additional income.Net Metering: You’ll receive credits for any excess energy your system produces, reducing your utility bill.2.

Pick their brain.Lastly, I'd make sure their insurance policy names you as an additional insured.

There could also be hidden costs, additional liens, or property issues reducing auction value.

There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?