I always remind myself that there are 2 profit centers in every RE deal: one is the bricks and lumber on top of a dirt pile, the other is the terms.

They were listed higher, the second one was listed quite a bit higher but because of all the work they were eager to unload them.Joshua, that is a neat idea, is there a specific place I do that at?

Our business model is buy and hold for x amount of years then unload depending on factors.

The costs of lumber and steel, for example, have skyrocketed over the past two years.

You have to pound the pavement, network, go to lumber yard, appliance outlet, etc. if you want to know costs.

Flipping in a declining market as even an experienced investor is dangerous. this summer many new investors were taken advantage of by more experienced wholesalers and agents who were willing to unload deals and get paid.

Congrats on your first deal and an even bigger congrats on unloading that thing before lot rent came due!

He should have been happy that you were willing to assist him in unloading his home at a steep discount and then complaining about it when someone offered him more.  

I resorted to spending my rent on lumber to keep my house standing.

You tow a small trailer with a tiny econo-car (Swift, Geo, Leaf, etc) for running around and the trailer can be towed by the RV to do real hardware store runs for drywall and lumber.