My agent just told me that since my wife is on the title of the property we have to pay 10-15% foreign owned property tax on the profit, this is a sickening feeling because the value has more than doubled. 

I am re-allocating capital from appreciation plays into more cash flow plays but there are lots of ways to make a profit in real estate and only time will tell. 

However, the profit potential seems to be killer with lease options which is what drew my interest to the strategy. 

I just wish I could get a loan for my family to do this or have a bigger investor make most of the profit and pay us a finders fee...in the form of a house. 

I negotiate an equity split after i reinstate the loan eliminating the foreclosure, help them transition with a portion of their profits up front, and pay them either cash upfront to walk or a percentage of the profit after I rehab the property.

One student came highly recommended by Nick's team so we thought they knew what they were doing. 3 investments with their top student and the student had trouble selling all 3 properties and didnt make a dime off of any, neither did my business partner and they had his money tied up for a year with not even a penny profit.

Bernie Maddoff faked statements to show his investors that he was making a profit, bilking them of over 20 billion from investors.

I’m not allowed to profit from any repairs, but I have a ton of experience in estimating for repairs using xactimate software, which has standard pricing for anyone providing work for insurance companies.

In Phoenix, a bigger property is much closer to $225k to $300k and can be very profitable.

But if you still wish to pursue this route be sure to work with qualified and experienced professional who can guide you so that you are staying out of trouble with the IRS.