Rosen, Either can be very profitable, but you must be willing to do your homework and be interested in what you chose.

You split the profit based on the agreed upon split.

The current situation is that profits are privatized , but losses are socialized (as Wheatle indicated).

.)$400 left to pay debt and profit...so, In my pocket, I have $400 - Mortgage??

Be careful who you listen to... the right person might have ways to lower risk and increase profits.

There are various good ways you can market to sellers, as well as calling on FSBO ads and looking on Craigslist.As for PM, if you are up for it, it is really not that difficult to do it yourself, especially helpful if the deal is fairly marginal as to profit, you can save 10% by managing it yourself.

It sounds like a lot of work, but someone who has experience may be willing to partner if the profit is there.The first thing you need to do is get a better estimate on comps.

They don't have to make a profit; you do.If the seller is capable of doing any marketing at all, they are probably not going to work out for you.My suggestion is to go back to her and tell her that you have made your best offer.

Does not want to refi.I am looking for a way to profit from this lead - possibly by referring her to someone who can help.

And then when the end buyer closes with the seller you get the profit, and some kind of fee from the note buyer?