Then, I subtract my fee, which has been $5K every time, because anything more, in most cases, would be completely ridiculous from the seller's perspective (as if a 50% of market value offer wasn't ridiculous enough to them already), and anything less would make it hard to recoup my marketing dollars spent.  

One of the pieces of work included was a complete rewiring of the house to remove the active knob & tube system.

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

Drawing set is complete and work is ready to go.

I would be more than happy to see if I could somehow add some value to someone near me to bounce ideas off of and simply soak up as much as I can in exchange for whatever I may be able to assist in so that I can start taking action in a dedicated direction.

Hey everyone, my name is Hassan Johnson; I live in South Florida and am completely new to Real Estate.

For someone starting out on their first deal, I don't recommend doing a complete renovation unless you have reliable contractors or have some sort of prior experience.I would of chose a small multi-family property that need very minor repairs (which this type of property ended up being my second purchase).

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

Chris T.While we are not flippers, we do use a similar approach by purchasing tired properties and forcing appreciation: it is just rehab-n-hold as opposed to rehab-n-sell.When we are carrying out a deep retrofit on a newly acquired property, we will put a sign in the yard advertising another "modern, heathy and energy efficient home in the making"  with an indication of when it will be available for rent.We typically have the units rented before the renovation is complete.

I am trying to completely avoid that model.