But the numbers made sense and we really felt if we did some great work (and add our first pool ever), we'd get what we need to make a profit and have a great portfolio property going forward.As many of you know, I've had a VERY stressful project over in the Jefferson Park HPOZ neighborhood, so this kept us busy while that one has been on hold. 

If you need a loan that certainly adds to closing due to all the  hoops the bank requires you to jump through 700 rent is not bad for a 37,000$ house .that is not a bad deal if the place doesn’t need a bunch of work ,but if you pay a property manager that is going to really burden your profit down .

What’s profit potential?

yes i have the downpayment, the bank requires a 25-30% down i was thinking about using the loan for a flip i found a property for 65k it needs about 25k in repairs and houses in that area sell for $150-180k and some for even 220k with similar square footage im thinking to grab it fix it uo and worst case  scenario sell it for $125k thats $35k profit im assuming $25k in repairs bc the contractor said about $15-$20k and u never know if something pops out

I am considering selling my condo early next year and was wondering how I could net the most profit off of my equity when I sell it?

personally I like 100%$800 - $1100  a door in the pocket profit feels pretty nice 

Traditional landlording is the least profitable and riskiest way to hold property.

But my tax returns don't show much of a profit on my first year.  

So I'd like to spend maybe no more than $200,000 altogether on a flip, and walk away with $20-30k profit (gross). 

right now if she sells she gets the first $250K profit tax free.