I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits.

Property Cost $200,000.00 Repairs Needed $50,000.00 Number Of Units 10 AVG Rent Per Unit $475.00 Gross Schedule Income $4,750.00 Vacancy Allowance 10% $475.00 Gross Operating Income $4,275.00 Less Operating Expenses Accounting $25.00 0.58% Advertising 0.00% Insurance $125.00 2.92% Lawn / Snow $- 0.00% Repairs $85.50 2.00% **Since i guess high for repairs, i lowered this down to 2% Monthly Taxes $458.33 10.72% *** Renter pays Utilities Electric $- 0.00% Gas $- 0.00% Fuel Oil $- 0.00% Water / waste $- 0.00% Total Operating Expense $693.83 16.23% Net Operating Income $- 0.00% Property Cost With Repairs $250,000.00 25% Down $62,500.00 Additional Cash Down $- Remaining Balance $187,500.00 Gross Operating Income $4,275.00 Monthly Mortgage $1,875.00 Total Operating Expense $693.83 Monthly Profit $1,706.17 36% profit My formula always shoots higher on the cost to protect me.

For every deal she passes you that you flip, give her 10% of the profit, like a finders fee.If she's another wholesaler, get her info, but I'd be surprised if you do business with her.

Mike: I'm currently getting things organized here where I'm at in hopes of being able to get a property under contract via an option, and then sell the option to either another investor or an actual end buyer and then take the profits from that and move to Vegas, so I can have a few months of living expenses covered until I get going over in Vegas.I've got a few questions that I'm going to need to ask, but I'll save that for another post!

When fee land (land bought from the ground up) is purchased, the buyer automatically has air rights to build up which they can either keep or sell, generating profits that could run from 60-80 % of what they originally paid for their land.Van Ancken cited as examples of the increased value of air rights the recent sale at 279-287 Broadway where the land sold for $219 psf and the air rights went for $193.54 psf.

If you are flipping the property, it is good to have a minimum profit that you will accept on the deal and then you base your formula on that.

I am sort of new yet so don't take my word for this do the research, but are you looking to have residual income or are you willing to make a profit in a year or two?

I was thinking I could rent them the entire premises on a NNN lease for, say, $170K pa, and they sub-let, repair, pay property taxes etc, and keep any profits they're able to make.

If someone could get in on one of these deals with me, I will do all the work on the place and give the lucky investor ~50% of the profit off the place once sold.

I recently lost a great deal with a potential profit on a quick flip of 30K.