Account Closed welcome to BP.

Hi Folks, I have a master spreadsheet with all my costs for a flip. I'm confused though as to how to calculate my gross profit. I have considered any and every expense associated with the project, including credit car...

Account ClosedHard money lending and buy & hold when I can find them.

I have some experience, having knocked down a drive through location and replaced it with a national food service company in a nice town and then also purchasing a historic bank building and leasing it out as office space. 

I simply find and finance the properties and assist in sourcing the remodel to sub contractors.My 2017 tax returns were just filed and I was filed as a dealer, but another accountant states I should’ve been filed as an investor.

Build your team of accountant, lawyer and especially a mortgage broker that understands your future plans.Chances are you will have the best luck with C+ to B properties.

They don't account for the time spent on the property which dramatically reduces the actual return.

I do have the 20% down payment in account that's not my emergency fund.

IE most folks renting <$900 do not have bank accounts.   

Originally posted by Account Closed:That's really stunning.