I have flipped my first house for s nice profit, have another going on the market in the next 3 weeks and closed on my third today.

If I was looking at it to build a spec house  70k all in is about right for a 350k exit  120 way too high.100k if your very efficient builder.. or a owner / builder and gets great pricing.. 4X is kind of a rule those price points.were it flip flops is the   2 million dollar lot and the 8k build and sell for 4 million like I am sure there is stuff in seattle like that and bay area and other high priced areas.but at the 350 exit I like the 1/4 or less for lot price to make a 15% gross profit margin after all costs.

One who knows how to maximize your profit and keep you out of any trouble with the IRS.

It is a complex transaction and realtors have the necessary training and expertise to get you through the deal safely and profitably.

But if you're living in the house, according to whatever mortgage regulations govern your loan, fixing it up, and then moving on and taking a profit, I fail to see how this is manipulation.

My monthly spread on the wrap loan is $517 profit.

We are going to split everything down the middle (50/50) for cost and profits.

Flipping is much higher risk short-term because any unexpected costs directly impact your end profit.

When we go to look at foreclosures, they too face the same competition and generally get too high to make a profit through flipping.

Thanks guys, so he would be making a commission on the sale and is also asking for additional profit on anything above $25k in profit from the sale.