They split the profits 50%/50% while we suggest one or the other have 51% actual ownership, for decision making purposes.

I guess since we already own it it would be RRR.

Well, actually, many jump in without asking a lot of questions, but they get screwed by crooked/ignorant agents, contractors, etc.Many here will recommend starting out by finding a good agent.We emphatically DISAGREE!

While this sounds great, how does this actually work and does it actually turn a profit?

Any insights or advice would be appreciated.On a purchase and rehab loan, it's in everybody's best interest to get an accurate rehab scope of work and therefore an accurate appraisal (when the appraiser can determine exactly what is going to go into the property instead of guessing).

Presales could actually be a great way to raise gap funding, but buyers might only want to do this with major builders.

I am very disappointed by this, but I guess Intuit no longer wanted my business!

Actually, this is how I started my RE investing in 2020, I just listened to their Podcasts, read forums, and joined virtual boot camps.

Thats not too bad i guess.

Actually I have done a second one since, but I just haven't posted about it yet.