He has no idea what he is doing, he has no experience and no capital - but he expects to make a fat profit on his first deal.

The sales price would depend on the amount of fairly recent sales comparables and adjusted them to reflect what her potential loss or profit might be. 

Your Profit and Loss Report is your Resume!

I don't see nearly enough value in this business plan for it to be a sustainable & profitable business.

I can’t believe how many investors are so focused on buying and not how to KEEP THEIR PROPERTIES or KEEP TRACK OF THEIR PROFIT AND LOSS.

My number 1 CY proverb " You can NEVER lose money by taking a profit".

Like  house cost, renovation costs, selling costs, profit.

Hello, Ive been looking on trulia and there are alot of mobile homes for sake for 90,000 - 120,000 is it worth flippin these and can you get profit?

We estimated that it would take about 4 months, more or less, to finish and sell, and that would generate $250k in profit for me, more or less.

Cash flow is also profit, but tangible profit....and, it the property didn't recover, which profile would you rather be in:A)  Financed with only 20% down (own money), and only have to recover the down payment to break even (since the tenant(s) are paying the mortgage for you)B)  All 100 % cash/equity, and have to recover ALL of your "purchased" equity before you start making a profit.