***My goal is to use profits from flipping, to invest into multifamily and then scale up from there. 

The previous years are there for comparison.Number of liens sold to investors:2018 - 1,739 (1,376 bought by investors - 363 Struck to County as no bidders)2017 - 2,141 (1,902 bought by investors - 239 Struck to County as no bidders)2016 - 1,880 (1,600 bought by investors - 280 Struck to County as no bidders)2015 - 2,039 (1,808 bought by investors - because 231 struck to county as no bidders)2014 - 2,5752013 - 2,382Total dollar of liens sold:2018 - $1,776,766.27 ($1,594,714.45 bought by investors and $182,051.82 not sold) 2017 - $2,175,069.34 ($1,890,259.85 bought by investors and $284,809.49 not sold)2016 - $1,874,010.88 ( $1,694,277.89 bought by investors and $179,732.99 not sold)2015 - $2,678,533.35 ($2,336,551.03 bought by investors - $341,982.32 not sold)2014 - $3,015,871.872013 - $3,435,014.32Average rate of return overall:2018 – 6.53% (5.45% by investors when subtracting out struck to county liens which all get 16%)2017 – 7.26% (5.94% by investors when subtracting out struck to county liens which all get 16%)2016 - 6.28% (5.25% by investors when subtracting out struck to county liens which all get 16%)2015 - 6.75% (5.40% by investors when subtracting out struck to county liens which all get 16%)2014 - 5.86%2013 - 6.55%Number of Investors who won liens:2018 - 872017 - 972016 - 742015 - 892014 - 1162013 - 201Total Number of bids for all liens:2018 - 11,8982017 – 10,5502016 - 8,8232015 - 10,5252014 - 18,8122013 - 99,073,789You bid down the interest rate in 1% increments from 16% down to 0%.Percentage with the most number of bids overall:2018 – 5% had 1,783 bids2017 – 5% had 1,315 bids2016 - 4% had 2,680 bids2015 - 6% had 2,391 bids2014 - 7% had 3,542 bids2013 - 4% had 36,251,623 bidsMost bids per lien/parcel:2018 – 1 lien had 28 bids2017 – 3 liens had 23 bids2016 - 3 liens had 20 bids2015 - 7 liens had 24 bids2014 - One lien had 41 bids2013 - One lien had 470,295 bidsCreated a Pivot table where I grouped the liens by "Property Use Description".

Once the house is sold, the lien will be taken care of and the seller will walk away with a profit. 

There are two ways to do it.If you are looking to buy as a primary residence, you base the value on the comps with any adjustments for condition and amenities.If you are buying to flip, you use the flip formula: ARV - profit margin - rehab costs - closing costs - finance carrying costs = maximum possible offer.If a seller is holding out for price, a low offer without contingencies doesn't mean very much to them.

My understanding is that it is very common to have negative cash flow and to speculate on appreciation to profit.

Purchase:75,500Loan fees and closing :5000Uncles cut:10000Materials: 14000Holding 2000Real estate fees & closing: 10000Sold:138,900My profit: ~21,000 I have found my next potential flip 43k 3/1 with partial finished basement.

@Michael Nieves I would find a more profitable SFH or MFH and then when you leave rent it out.

Profit $30,000 on $150,000 Total project The report shows " Total Personal Cash Invested " However since I am borrowing the money , my cash invested is only approx 25% of Total Cash In , plus of course holding costs , etc..

Lending and flipping (if you profit) will give you additional ordinary and interest income to report.

Profits moving forward are split 50/50 in perpetuity.4.