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.

I tried buying the note directly from the bank but given that this bank is a large bank, I was given the runaround and the lower-rank employees who answer the phone say that they don't sell notes.I am willing to partner with and share my profit on this deal with anyone here who has ACTUAL experience buying Jumbo loan/note from a bank (please, do not answer if you just heard it from someone...or you read it from a book, or worse, learned it from the "gurus").

This is more important to them than making a profit on the sale of the house.

Realistically even if someone were to drop 100k into the house theres still a wide margine for profit.

What kind of profit are you looking at taking when this property is sold?

You need to analyse profit and lost accounts of the past 5 years.

Have you taken the repair costs, your profit, and at least 10% more off for closing costs and contingencies?

In exchange she should get half the profit.

Too soon to report on the profitability.