If you buy from some owner and then flip it for a significant profit, the issue of your greater knowledge comes into play and, depending on your relationship, flipping a contract can be considered a net listing issue, having a seller agree to accept a certain price with you taking all the profits above that price.Next, is the broker liability, if you are out there doing flim-flam investor strategies the risk of deals going south goes up, if you tick off some owner in doing a screwy deal your broker can be held liable.Barring that and other smaller issues, like marketing, co-broker arrangements, commission credits on deals with owing the broker a % of the credit being ironed out, no broker can really keep you from owning real estate.

If you are a member in a LLC and your contribution or duties are to locate deals, that's fine, you are acting in that entity's best interests, working and sharing in profits.

Taking baby steps now : )However, not sure what the expenses are but I know they made a profit.

ARV is what the market value of a property after all the repairs, improvements and holding costs (including cost to acquire and dispose of the property) have been spent or accounted for, those together with your expected profits and/or your compensation for the brain damage is where you need to be buying the property.After Repair Value is the future expected market value with repairs/improvements made. :)

You probably wont be saving much if any money , As a contractor , I need to make a profit , if you supply the windows , and something goes wrong , they are your windows , not the contractors .

Yes, they're entitled to price it wherever they'd like.I would say an average markup that I've seen in my market is ~$5,000, but I do get deals from some that try to milk the profits and squeeze $15k+.

I got licensed, survived by rolling pennies(literally for diapers), invested, borrowed at loan shark rates, paid everyone off, made profit, created a business and retired 25 years later.

This is pretty tight, as many investors like to be at 70% and below (depending on the area)You have to make sure no major repairs are needed so that you can keep most of the profit in your pocket.- This is what you do.Have a local real estate agent pull sold cash comparables in the area within the last 90 days.

Your deals are 30 - 50% more profitable due to lack of UBIT.

Started off by buying personal homes at a bargain and fixing them up and selling them two years later at a profit.