You can offer 10% of any profit earned, or you can pay them a flat fee ($500 - $1000).

You are marketing the property for a higher dollar amount than that you are convincing the bank it is worth...should you share your end profits with them too?

Hello everyone, hope everyone is investing happily and profitably!

Baby boomers are too close to retirement to gamble whats left of their next eggs.

Their is cash flow to add to the profits, there are no resale costs from the lease option, their is the lease option fee profit, the interest spread, and the tax deductions.

After setting up an S corp, can you leave money allotted to maintenance in the comapany and not take them as profits at the end of the year even if you never spent it?

I was thinking taking the cash now is better than gambling on the future (with the savings in mortgage I would be getting 65K over the 5 years).

There is a system out there being sold stating that you can contact property owners who are delinquent before it goes up for the tax sale possibly buying the property for a token amount, assuming the taxes, recording the deed, & then turning around flipping it for a quick profit NEVER actually paying the taxes but rolling them into the price where it's still a bargain.Or buying the tax deed for pennies basically, recording the deed, then letting it go up for auction.

Roy was gambling prices would rise enough to make these good investments.

We can easily sell the house for $40k and I want to take the profit and put it right back into another flip - so should I do a 1031 exchange?