Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.

My experience with friends/some clients is get their numbers via whatever method you can and reach out via the phone.

I had a flipper come to me asking about doing a new development.He would need $240,000 to purchase the land from a wholesaler and then he would have his GC partner get the construction loan but they cant get the loan if their is someone else that has a lien on the property so i would have to collateralize against one of their assets which they don't have.

The LP got it from a friend who is in some kind of real estate mentoring program.

I have observed clients who have purchased properties based on the 1% rule but have struggled to stabilize them.

Most buy the entry level SFH because its what they are qualified to purchase.  

She sent me a letter from Commercial Property Advisors, Peter Harris, which stated she had approval for funds sufficient to cover the purchase price and below it listed a Wells Fargo business account showing funds in excess of the purchase price.

Gain is your net sales price minus your adjusted cost basis (purchase price plus capital improvements minus depreciation). 

My wife and I plan to purchase a few properties ourselves, but with the lead generation strategies I’ll be implementing, I expect to come across more deals than we can personally handle.That’s where you come in!

Consult with an attorney to provide a purchase and sale agreement in your respective state with an assignment exhibit included.