Here's a blog that gives you some things to avoid while flipping - 7 Deadly Sins of House Flipping.

So it shouldn't be too difficult to get him to play ball as long as you let him know you're not wasting his time and gives him business for the deals that will work.

So for 6 months being half the year your annualized ROI would be roughly half of the total ROI.There is more math in there that i forget but i am pretty sure that is the basic idea.Edit: Actually i figured it up and I was dead wrong on what i said at first.

Taxes will play such a small role in your two different scenarios that they should be a minor factor to consider.When asking about taxes, better questions would be:1) What asset class yields the best tax advantages?

From there, you can determine what components are priority, and how much of a factor location will/should play into that.

I also have a meetup once a month in Yonkers and we play the rich dad cash flow game.

All of that does play a part however the question is where do you want to start as far as do you want to just do wholesale, fix and flip, etc. where is it that you want to start?

At the time, my two oldest boys were playing middle school football, so I talked to a handful of dads i was friends with and convinced them to look at this potential investment opportunity.

Just put simply, all cash means no contingencies and in NYC that's the way the game is played.

It would be interesting to play around with and see how fast you can pay it off if you increase by 4%, 5%, etc.