Congratulationswhat you’ve found that both the INVESTMENT side of real estate, and theBUSINESS side are very competitive; therefore profit margins are compressed, so those “home runs” people like to bragg about are actually quite rare.  

I have no doubt he can teach people how to do Burrrs and flips that are very profitable but of such low quality that it puts a stain on the industry.

With that I can flex my offer to include profit sharing if needed.  

We wanted to fix up houses and re-sell them for a small profit.

Market Selection: What factors do you consider when choosing a profitable location?

If I owe $350k mortgage and I take out $100,000 HELOC and spend it on say a 6 month CD,And then I sell the house for $700kI would only have $250k profit right?

First flip with good margins and intending to do more in the realm of real estate?

Although there is potential profit in this kind of profit, there is also more risk associated as the repair costs can pile up quickly and create a scenario where you have invested more into the property than the repaired property would actually be worth. 

And I am betting the headaches is why seller is so motivated and is flashing that $ and hyping it up like it's so profitable, yeah come on do it, it's so great..... it's so great they are chomping at the bit to get out from under it. 

We built a single family home version of a 2 bed 1 bath with surface parking at cost with no profit all in with land for 175k in newark ohio, a suburb of columbus ohio. when we push that to 3 units and closer to the city for our build to rent model the numbers go way better. a 30k slab for a single family home is 30k, a 30k slab for a triplex is 10k a door. we designed a 2 bed 1 bath design at 668 sq ft and it's very good layout even I would live there, but I would never build anything that small again. there's no economies of scale. you need density and shared lines, resources, shared roof shared slab, shared windows, etc the cost goes way down.