a) buyers - to wholesale houses to  b) sellers  c) lenders or investors and  d) other people you need in your real estate business (like investor-friendly real estate agents, contractors, etc)and then4) Make offers - a ton of them.

Nicer homes usually bring a lower %, where C/D/E class neighborhoods will bring higher.

The $420k replacement property you bought is going to have an adjusted basis of $320k (the $100k profit carried over from the condo you 1031'd).  

ThanksRahul D

I've put together a spreadsheet here ( https://docs.google.com/spreadsheets/d/1058BKzlsVD...) that I'm putting together to help analyze deals.

It is also synonymous with the 'Cloud' and wisdom of 'Crowds' which are very popular in the IT space which is transforming businesses everywhere in radical ways.2.

On the subject of the flip it's a great transformation & the experience usually is the most value you get.I recently had fellow investors complain that they spent 3 months working on a rehab only to clear $10k between 3 guys.

Depends on the level of deal we´re talking about here, but with something like that $30k victory you´re celebrating I´d probably buy the bottle of 1988 Rémy-Martín Vintage Premier Cru I´ve wanted for a while, and enjoy that with a 2007 Trinidad Ingénios Edicion Limitada cigar.

(following up with a CPA :D)

Thank you,D