Purchase price: $155,000 Cash invested: $60,078 Sale price: $275,000 Fix & Flip property in great neighborhood in Saraland, AL.

You can never truly know if the GP is just good at sales, because if they are good at sales, they will have answers for all your questions.  

Assuming a 11% cost to sell with $600k in equity, I would be left with roughly $400k in after sale cash to myself. 

we have to have pre sales my bank will only give me a certain amount of spec loans but unlimited amount of pre sales. its the only way to keep velocity when you have a larger project like us ( 90 homes) We have been blessed no questions about it.. we made some critical decisions when we started that now look like genius moves :)

Being an MLO is more of a sales job than a finance career in my opinion lol.

At the time of sale, we would amend our existing mortgage to ensure the sold property is no longer collateral for that mortage. 

The book is on sale right now it looks like!

Due-on-Sale Clause: Most mortgages have this clause, which could let the lender call the loan due if you transfer the property.

In a head to head comparison of pure after-tax growth, MBDR wins as all of the earnings on contributions are tax free whereas earnings in a taxable account are subject to capital gains upon sale.

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...