I've learned quite a bit just by listening to other developers push their projects through the approval process.Like Jays said above, this is a deep pockets proposition and takes time, even on a small project.

Make sure you fully understand and can execute your value proposition and why an investor should use you.Good luck.

They want to see how well you though threw the proposition.

It's not a straight 50/50 proposition.

As far as the 1% rule, the rules have changed bro - especially in areas of houses under 50k. 2-5 is what you're looking for now as so much of this stuff is a high cost financing proposition.

Here's the corner where the street ho propositioned me about 3-4 years ago.

A theoretically stronger position to theoretically guarantee the sale later on would be a land contract as that (at least where I'm at) is more of an owner financing proposition - so theoretically they buyer is more "locked in" to the property.

I will try and boil this down (and I know that is a risky proposition, lol) and say that for the active investor, it really comes down to knowledge and risk tolerance.

The bottom line is that wherever there is product easily accessible to the buying public, it quickly becomes a losing proposition for flippers and wholesalers.And yes, you can eliminate this competition by working pre-foreclosures and short sales, but then it's a hit and miss since you're at the mercy of the lender because 99.9% of all motivated sellers here in Vegas have zero equity.So, again, what flipping strategies are left at the end of the day?

We were able to buy some higher end products for less money.However-- I agree with the other poster that by the time you move and store the stuff, it's an iffy proposition.