I have accounted for those things.

Account Closed welcome to BP.

Hi Folks, I have a master spreadsheet with all my costs for a flip. I'm confused though as to how to calculate my gross profit. I have considered any and every expense associated with the project, including credit car...

Account ClosedHard money lending and buy & hold when I can find them.

I simply find and finance the properties and assist in sourcing the remodel to sub contractors.My 2017 tax returns were just filed and I was filed as a dealer, but another accountant states I should’ve been filed as an investor.

Keep studying, asking question, legwork,

Build your team of accountant, lawyer and especially a mortgage broker that understands your future plans.Chances are you will have the best luck with C+ to B properties.

They don't account for the time spent on the property which dramatically reduces the actual return.

I know that sounds high, but these houses new sell for upwards of 360k, so we are hoping it's worth the investment.We have studied the info on auction.com and know that our 5% earnest money will need to be wired to the bank soon afterwards if we get accepted.

I do have the 20% down payment in account that's not my emergency fund.