Keeping that in mind, that is the only place where it may be profitable for developers to build affordable housing.

The question is will I be screwed since I didn’t trade up even though I spent all the profits and took no cash?

Additionally, what is the damage in already having had deposits of profits direct deposited into my personal checking account?

We built spec homes in the early 2000’s, which was very profitable, but we all know what happened to that market.

I figured I'd give house-hacking a residential duplex/triplex a try first to get my feet on the ground before tackling something bigger (though definitely want to go for bigger properties eventually, economies of scale make it more profitable I'd think)

Any house in San Jose is going to be worth far above that, so whatever back taxes are owed would usually just come out of the seller's net profits at closing.

All the info and help you need is right here, without taking half your profits!

With such a big purchase I assume that’s the best way to wholesale such a deal when you want to keep a big profit margin from scaring off the B-CI assume that you sign a regular purchase agreement and just make sure to match the terms.

.- your rehab costs of $150,000.Unless I am missing other reasons you won't have these costs, I see you barely making any profit ($10,000).

I was thinking about putting in the following:Personal financial statementPrior rent rolls on the property for 3 yearsSome type of public report on the value of the complex (zillow or other) ... not sure on this oneA profitability statement ... thinking about using the one on this site from https://www.biggerpockets.com/real-estate-investme...