Worked a deal after about six month for some profit splits,. 2010 went on my own the rehabber funded my deals, found another contractor/lender to fund some, I did the work he funded the deals 50/50 split. 2011 hired a couple guys to help me, started a crew, did six houses.

Someone finds a fixer and we work out what the fix-up cost will be and what their profit will be.

The standards achieved in your 1st few jobs can lead to many more profitable accts.

Seller asking $140k with gross profit of $31k and net with $19k(w/o depreciation).

My thoughts are if she is doing this she might be lowering her initial out of pocket expenses however she is also lowering her potential profits if she is using hard money because her loan, payments and points fees would be higher.

What I find somewhat amazing about the current shows is the level of profit that they are willing to accept - given the unknown costs that are there/could be there.

He is getting his pay as 15% of the profit on sale so he gets paid when we do, so he's motivated to do the job well and on-time and within budget.

I thought of partnering with family, but then thought of how much it would eat into my profit.

.* Section 8 tenants will typically stay in your unit longer, and as we know, turnover is the ultimate profitability killer.* Finally, he said that he writes it up in the lease that the Sec 8 tenant must act as the liaison for all dealings with their case worker, etc., minimizing their administrative time spent.

With a large building your management costs are lower than a portfolio of single family homes all around town, and your more protected against vacancy, because even with 1 or 2 units empty others will still be providing some cash flow.If you want to be more active you could buy a single family home at a deep discount, rehab, and resell for a larger profit but this requires much more involvement.