But after all, he made a great decision and it was amazingly profitable.Numbers:80k Purchase – cash 35k – Reno Roof, siding, paint inside and outKitchen cabinets and countertop resurfacedPlank floor New tile in bathroomRepair electric and plumbingHome staging 1% of sale price6 month project 165k sale price less 6k closing costs44k Profit Regrettably, this will probably be the most profitable flip I am involved with for the foreseeable future.

Also it will be awesome have a part in forming the club that will hopefully help students in the future see the value of real estate and get involved.I joined Biggerpockets to expand my network and to be a part of the resource I have been going to for all of my questions.

I've researched and could not find anythingif decided in the future on managing other people's properties, how would getting a licensed broker be incorporate into the existing LLC A?

@Patrick ParkerWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

I'm primarily interested in BRRR  these days but I'm just generally wondering how my fellow Canadian investors are making a buck.I'm planning a trip to Montreal, Ottawa, and Edmonton in the near future to see what sort of prospects exist in those cities.

You will be able to use some expenses but without knowing all the facts I would opt to using that as something you can depreciate offsetting income for future years. 

Ok, for those of you that may run into this in the future. 

Now I know what NOT to do in the future!

@Kevin LukWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Hope to see you at future meetups.Best,Michael