If you plan to send mail to potential sellers, a mail list broker can provide reports broken out by zip for a couple counties.

This is current data and it just is what it is:Among the 53 metro areas analyzed in the report with at least 1 million people, those with the highest share of completed flips sold to all-cash buyers - often other real estate investors - in 2018 were Detroit, Michigan (48.8 percent); Birmingham, Alabama (42.4 percent); Jacksonville, Florida (39.8 percent); Miami, Florida (38.3 percent); and Buffalo, New York (38.0 percent).Completed home flips in 2018 yielded an average gross profit of $65,000 (difference between median purchase price and median flipped sale price), down 3 percent from an average gross flipping profit of $66,900 in 2017.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Is there any difference in taxes if I report $20k net profit made with:a] 100% personal cash (savings)b] 75% borrowed and 25% personal cash?

If you decide to back out of the deal, you will lose that money, but if a home inspection reveals a bigger issue than what you are willing to tackle, you will get that money back.

It’s worrying to me just to get a yearly report saying it’s coming back 19k in the negative.

@Jay Hinrichs Do you get judgement reports and check the validity of the past transactions? 

Colliers have recently reported 7% rent growth and there are some major employers moving to the area.

The HELOC Reports like a big credit card, and is interest only and revolving debt.  

View report*This link comes directly from our calculators, based on information input by the member who posted.