I think I'd be generous if I offer 10% of the profit....which I'm ok with but, is that the way it works in real life?

  @Alex Chin Hi, thank you for welcoming me and for being generous and replying!

Or cash buyers who could cash flow on the deal paired with a little bonus speculative appreciation play.A foreclosure may not be the best choice for your first property, but if you know how to analyze it, it may be worth considering if the deal is good. 

To be on the safe side with a flip, i would personally count on selling at the low market comps and anything above that is bonus.

My main question is since we are not taking salaries currently can I give each member a % of the sales (for each flip we do) as a commission/bonus and if so how do I account for that?

I am considering a househack in the North Broadway neighborhood of Newark, NJ.Comps range from $295k - $325k (from dual agent that I showed me the property).The property is a legal 3 family with a bonus unit:Unit 1 - 2br/1ba = $900 (occuppied)Unit 2 - 3br/1ba = $1200 (vacant)Unit 3 - 3br/1ba = $1200 (vacant)Bonus Unit - 1br/1ba = Owner OccupiedWould you do the deal base on the following numbers...Feedback would be appreciated.Annual Gross Income - $39,600Annual Total Expenses - $19,728Vacancy - 5%: $1980Tax: $5777Ins: $1500Maint - 5%: $1980Repair - 5%: $1980Property Mgmt - 10% - $3960Utilities paid by owner: $2544Electricity (common areas): $264Water/Sewer: $1800Lawn/Snow: $480Annual NOI: $19,872Purchase Price: $295000- 3.5% Down: $10,325+ 5% Seller Concession: $14,750Total Loan Amount: $299,425Annual Debt Service: $19,416Principal/Interest - $1416Mortgage Ins (FHA) - $212= $1618/month ReturnsNOI - Debt service = $456 Annual Cashflow- $792 (2% of Annual Gross for Cap Ex Reserve)= $ -336/yrThanks!

Some high mucky muck probably got a $1m bonus for the name change, but there are other more substantive changes as well.

With the affordable property values in Ohio, you're signing bonus should cover your down payment and if you can negotiate seller concessions, that'll cover your closing costs.

This has allowed us to save tons of money, although there has been some moments over the years.The VA loan can be split up. so that is a huge bonus.

I've heard 10% but not sure how realistic that is in my market.3) should I really only do a deal based off of cash flow and consider appreciation a bonus?