The seller doesn't need to know your exact profit yet at the same time you can be open that you flip the contract.

I have been rehabbing and "flipping" houses part time since 2008.  

We've toyed with the idea of a fix and flip back home but never pulled the trigger.

After gaining knowledge in the field, we plan on traveling different avenues in the way of flipping single families, and one day, commercial properties.

I do not flip but I just do not see the numbers working for a flipper unless he can do more than a rehab (i.e. add a second unit, etc) to increase the value.Good luck

are you looking to get in actively (flips and/or self-managing rentals) or more passively (turnkey properties or financial partner)?

At 2% Net Cap Rate - to make 100K a year - the property has to be ~5MM.And I'll need 25% of that as down payment - 1.25MMThat's not easy for me - nor very fruitful.So, I wonder whats the point of this.In contrast - if you look at flipping houses from a foreclosure - its not uncommon to see routine gains like 50K on a 500K asset.

The deal is just a little too tight to buy outright and try to flip.  

I was reading Justin Pierce article on all the cost to flip that house and I wanted to know a few things.

Part of me wants to flip homes, but i think buy and hold will be where i build up to that.