There are non profitable majors such as art or psychology, which I have a Psyche degree!

Seller Financing - 15 years @ 7% (intended to keep but sold for a good profit)3, 4, & 5 Private Lender - Interest only loan @ 15%I was in my late teens then, so those were my only choices.

Our business model for Black Diamond is a cost center and doesn't make a profit, so I guess we wouldn't get much for the local franchises, huh? 

I still have to run my numbers though because sometimes even that is too high.I also know an investor in areas like romeoville where they could actually afford to pay 80% of the ARV and they would still be making a great profit.

"Listing" (as in 'promoting the sale of', under a contract) properties, with the intent to profit from the sale of property owned by others, is a brokerage activity and requires a license."

I've noticed that while a deal may look good on paper, it's the quality of the tenants that will drive your profitability.

If the guy manages to give me the property and I can sell it above 38k then I make my profit minus any holding and closing costs, correct?

Plus the developer has gotten grants from the state and many non-profits.

I did inform both tenants that I was also selling the property so there was no deception on my part.I called my realtor and told him I was heading in the rent direction with this property, and if either of the 2 party's interested in purchasing the house didn't make a solid offer I was going to rent it by the end of this week.Yesterday I got an offer for the 86k guy for 102k less 3k in cc and no other concessions.I signed the offer and will profit $17k on this flip.There where 2 factors that made me decide to sell rather than rent,1.

Once the property sells, our investors are paid off and we split the profits 50/50.Ultimately, our investors get their return, my partner would get $ to fund more deals, we are both compensated for the work we do, then onto the next one.Before speaking with our attorneys, I was wondering if anyone here had any insight as to what documents we would need to use, if you've ever worked with partnerships like this, and if there was a certain entity we would need to file the deal(s) under?