Purchase price: $350,000 Cash invested: $16,000 Sale price: $392,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Glenn Klingensmith, successfully completed a fix-and-flip on Finsbury Drive, Spring Hill, FL.

Please correct me if im wrong.That said it seems the airbnb short term rental business is doing okay (some cash flow?).

A lot of contractors struggle with cash flow, and he may have underbid the job.

So if I place the highest bid at an auction and they have said yes, you have won, then do I directly go to pay for this deal in all cash?

FHA is 3.5% down but anything over a 2 unit requires a cash flow test, with rates where they are I hardly ever see anything in Chicago that would work. 

Yesterday I just got with the sellers of this 4 bed, 2 bath house in Kilgore, Texas (close to Tyler) and I am looking at selling it to a cash investor to make a potential profit.

Purchase price: $330,000 Cash invested: $20,000 Sale price: $399,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Tip Top Road, Mariposa, CA.

I have a friend that I just taught amortization to as he is trying to quickly pay off his mother's FHA loan to remove a co-signer, then cash out refi (yes, I explained interest rates right now).

He claimed that if we would just spend $2k on the backyard he would "increase the value of the house between 35-40%".I got him a $100 gift card to Armstrong garden just to play nice.

For example, let's say you figure out you have $250k to put towards this project and you want a cash-on-cash return of 15%.