Nothing fills up the time slots on the nightly local (and national) news more than the hurricane awareness segment.Pleaseeee...Give it a rest already.

That way you have straight cash flow from the 1 paid-off home and have freed-up one slot so-to-speak so you can purchase another property under your personal name and not go the commercial loan route. 

I've seen several borderline 1% deals but they are always razor thin right at that 1%. 

Once they smell blood they are sharks in the water. 

What this means is that the flipping "sharks" are digging ever deeper into cheaper priced properties with hopes of holding to them then selling them, with or without renovations, to witless "dumber money."

Reminds me of "shark tank" and talking about growing a business with equity injections...

If you don’t believe it, here is my detailed estimate, assuming a 6 month flip (click to expand).No one should be doing $250k deals in expectation of a razor thin $16.6k profit and you shouldn’t be doing loans like this.

That's ok.Basically what you're seeing is sharks circling the smell of blood in the water.

This is why you never ever every let a seller talk directly with a buyers agent or a buyer, especially to a shark like me thats looking for any edge in negotiations....and then I leave those sellers walking away happy to do business with me, when they have no clue they screwed themselves.

Step up, be the shark, take over your market and dominate!