Situation:My friend's uncle has a $2M property in Queens, NY. An investor offered him $3M but turned it down. The uncle offered my friend the opportunity to develop it because he's getting to old to develop it himself...

I’ve always been interested in flipping houses and real estate investing in general but I only have an idea for the physical labor part of flipping homes.

The physical property has very little to do with the acquisition...this is all about the sellers, meeting individual needs, and creating win-win outcomes.

Purchase price: $289,000 Cash invested: $300,000 Sale price: $700,000 I purchased this 912 square foot ranch style home, after living in the home for two years I demolished the home to foundation and rebuilt modern while incorporating architectural design elements of the area to create a congruent and updated property.

She took me to one of her listings and showed it to me. wasn't bad , we incorporated it in the house we were working in.I feel I make my money on the buy, Control expenses on the rehab, holding cost can kill you.  

You must submit all costs and payments when requesting the final judgment, so the amounts will almost always vary from the initial notice since as so much time will have passed and damages (monetary and physical repairs, etc) will have been assessed.

I have been attending almost every local "meetup, seminar or networking" event that I can physically get myself to. 

Resolve disputes and issues with the physical plant and grounds. 

There are a lot of options for remote management of a facility, but if you can't physically get there every couple weeks at minimum, you may want management and would have obviously have to figure out at what number of units that would work.Any other questions?

Investing in real estate is far from passive, you are not going to escape have to put in many long hours although the work is obviously far less physical than farming it can be high stress.