Subtract that out, and the cost of the current labor force is much closer to the labor costs of foreign manufacturers operating in the United States.GM's overseas divisions are actually profitable.

The use of the proceeds for cash out needs to be documented.At closing partial release will be defined in the note.Need a strong file-3 years tax returns, personal financial statement, etc.Must show a profit on Schedule C of returns.

Please don't think me lacking Christmas spirit, but why would this site solicit donations when it's an advertiser-paid for-profit commercial board?

So in theory, if there was a ton of equity in a property, could they cash out just prior to selling, take the HELOC or Cash Out re-fi money tax free, and then sell to cover all liens on the property and have a much reduced "profit" from sale, so much so that they wouldn't owe any capital gains.

Something that interests me but I haven't read any conversation about are the pluses and minuses of buying houses that are great rentals versus houses that may be a little higher priced but will bring in a good profit in a few years.This seems like a very exciting time in real estate to me, prices are all over, forclosures across the board from the best to the worst neighborhoods, and alot of things going on in the banking and credit industries.I just closed on my first deal, a three bdrm 1 1/2 bath in a decent area.

My interests and aspirations for my career are to catapult myself into big money deals with profits from our current wave of foreclosures, REO's, etc.

Buy low, rent or sell at a profit!

If you are allowed to sell (assign) your option (it will be in your agreement), you may sell it to a third party for a profit right?

If your buyer is using hard money, and can sell it at the ARV in under six months, that will net them a 10-15% of ARV profit.If you by at 80% of ARV, less repairs, there's very little potential profit for the rehabber.

So, realistic profit potential is around $10K.