My partners are in construction so we will do the majority of the work to maximize our profit on this first deal.

He even claims to provide your 1st commercial deal (in your home zip code) with a minimum of $20K profit to you.

It seems to be the easiest to me,so any information or tips I could learn or be pointed towards herewould be greatly appreciated.The second area I'm interested in is purchasing foreclosed homesor land, or distressed homes or land, to attempt fix-up or split andthen re-sell hopefully.Lastly, I'm interested in mortgage, loan, and financing informationfor such ventures.My ultimate goal would be to buy a large parcel of land, split it,and then be able to keep what I want of it to build my home on.Hopefully the proceeds and profit would help pay for or off the home.Thanks again for the welcome!

I also have a blackbook with 6 years of experience containing the best and most profitable subs, contractors, suppliers, and products anyone could have.I can help drastically.

I wasnt sure if it was realistic to expect to make much if any profit on the rent or would it be a case whereby my profits would be made at the back end if he excercises the option.

Flipping or similar strategies where you can use the $5K on marketing could be a more profitable way to go.

When the project was complete there were broker opinions estimating a sales price of $625k-650k for a profit of over $100k but the idiot listed for 700k because that’s what he wanted.

The loan does not specify who you have to use for the repairs (even the borrower), but they have to "be qualified to do the work and complete it in a timely and workmaship like manner"The budget would be very important as the funds for the repair are limited + small amount of contingency funds and are held in escrow until the completion of work.If it is a HML than the budget would still be important as you would have had to calculate them as accurately as possible to protect your profit.

We try to make ours just a little nicer than the competition--anything more would be a waste of profit 8)In general?

I will say this;I am diligent when dealing with investors that I have no history with because, it has been my experience that far too many investors are driven solely by profit (nothing wrong with that).