It went so well we are doing it again this week, but it got me wondering, what are your favorite and most profitable ways to fix up a property WITHOUT using carpet and paint rehab fix ups.  

My question is, does anyone else have a similar business structure and if so, do you take your profits from your flips as a distribution or as wages in the form of paychecks?

Hey BP!1. Here are the numbers:ACQUISITION (for purchase price, closing costs, lender costs, escrow costs): $434kREHAB (LABOR + MATERIALS): $102kREHAB TIME: 10 WEEKSHOLDING COSTS (MORTGAGE, STAGING): $16KSALE PRICE: $...

Bigger pocketsBest Ever Real estate investing adviceLifetime cash flowWheelbarrow profits - for multi family Pillars of wealth Creation (coming soon)

Their name is not on the mortgage but we split the profits.

Housing and Urban Development today announced HUD will speed federal disaster assistance to the Commonwealth of Puerto Rico and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma.Yesterday, President Trump issued a major disaster declaration for Culebra and Vieques municipalities.

He is a bit tired of working on this lot and said that he would be willing to let me take on the project (I would have to get the financing and manage it, he doesn't want to get the financing)  and we could then share the profits of the flip.

Also, you need to factor something in for maintenance, and you need to figure out what cap ex items are on the near horizon (roof, heaters/AC, major plumbing/foundation, etc). 

(See RCW 59.18.150)In terms of the major appliances breaking, there are RCW laws that require landlords to commence 'remedial action' within a specific time period.

The vast majority have a very high scenes of entitlement having lived their life off of free handouts and for that reason have zero respect for others.As a landlord the level of resentment your tenants will have for you will counter any training you attempt to achieve.C class tenants are like cats, virtually impossible to train, and must be constantly monitored as you would a child.