Happy networking for profit.

Just spend the time on this site- podcasts, discussions, resources and it will be profitable for you.

If you chose the "net" price to the seller, then there is the possibility to make some extra profit by negotiating the lien holders down

In 20 years HOAs will be as dead as "seperate but equal".They are a joke, and only the lawyers are laughing.You are paying the full boat in property taxes, but the town or municipality gets'relieved' of providing the services they would be responsible for in 'real' subdivisions.It is an assinine scheme and benefits only the legal 'experts' that profit fromthe disfunction.

You need to fully analyze the property (figure out what the after repair value is, estimate rehab costs, and build in profit) to see what your max purchase price would be.

I'm thinking I will oversee the project because a general will definite eat into the profits with their added costs.

It sounds like the two of you bought a rental intending to split the profits 50/50.

I've always been very interested in buying houses - fixing them up - and then selling them for a profit a.k.a.

I'm in the process of selling and the profit should give me a good starting point for my next opportunity...While doing research for my next deal I found BP!

Still a lot of room for profit even with 40k in repairs.