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

I got half of the profit. $47,000 split 50-50 is $23,500 ok so the investor made $500 a day The beauty of this is that the investor/student gets an education while making money.

You need someone that will take an interest in the LONG TERM maintenance picture.EVERY contractor builds in overhead and profit that is money right out of the investor's pocket.

What financial independence says is that your are a sophisticated enough investor to take on larger and more profitable projects that are beyond the scope of the financially dependent.The key is that these new projects are within your control to choose now.Tim

The only difference with having a R.E. company and not having one is you'll have to pay an agent commision, which may cut into your profit.

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.