I need to determine how much someone else purchased a note for and what kind of margin they are looking for to flip it.There's a property I'm pursuing that is a little out of the ordinary - so I can't quite wrap my head around a few things.

I live at parents because I just sold home in December and made about 30k profit.

I live at parents because I just sold home in December and made about 30k profit.

I live at parents because I just sold home in December and made about 30k profit.

Its a little more risky becasue its a higher % rate but as long as the project is profitable then you dont have much to risk.

NACA is a non-profit which originates $0 down mortgages that can include rehab costs on 1-4 family properties. 

There are plenty of duplexes and 2/1's in older neighborhoods that you could put some sweat equity into in the next couple years and turn a nice profit.

@Logan Larochelle, if you can document you have lived in that home for 2 out of the 5 years immediately prior to its sale you can take the first $500K in profit tax free if your married

Welcome, @Alexander Jones.Yes, SoCal can be a tough nut to crack for newbies.A couple years ago I mailed out lots of letters to homeowners in LA County with no luck.Then I tried rural Kern County and got a deal from a distressed homeowner in California City.The margins were not as large as they would've been in LA or OC, but I was able to rent it out for 2 years before fixing it up and selling it for a decent gain.Also, have you considered an owner-occupied small multifamily for your first deal?

You need reliable labor, expensive machinery, a comfy reserve, and farming and farmland are probably one of the least profitable real estate investment strategies... at least from my sights.