I’m flipping locally and just finished closing on a new project in La Mirada.

I could certainly benefit from learning more about buying foreclosures, but don’t have much time to fix anything up (other than a weekend project here or there) so I’m not able to buy anything sight unseen.

Joe Ort I only have 2 data points...One beat projections and has cash on cash returns of about 25%.The other has had all sorts of water issues in the basement and overall has been cash flow negative.

Will share once I have some properties and projects in motion.

Most designers work on high dollar and high budget projects that are created to be unique which is a terrible fit for flipping anything but very high dollar homes.

He owns real estate in Tucson and is doing a couple new project with my team.

But this contractor comes highly recommended by my realtor who has worked with many contractors on several projects.

Hindsight is showing I'm very inexperienced when dealing with the city on projects. 

@Corey G.This project would definitely require a discussion between your associate and his licensed tax advisor. 

But this is why it’s projecting negative cash flow the first year.