What have you found to be the best method to obtain a good profit in this area of investing?

After completion of the short sale, I would prefer to sell the property for a profit but MD has a state law that requires Foreclosure Purchasers to pay the original homeowner 82% of the net proceeds if sold within 18 months of a foreclosure reconveyance.

Sure looks to me like this requires you to return 82% of your profits to the current owner if you sell in 18 months or less.

I want to give 50% of the stake of all profits, and at the end of our agreement pay them all the money they spent on advertising and on my salary plus 25% interest.I'm not sure where to look for these individuals without spending a lot of money to join investor clubs and put the word out there.

I do own a couple rental properties with my parents back in Indiana that make ~$40 a month profit (woo hoo).

He hopes to make $20k profit.

[NOTE: the following is not to attract other investors, this is to build a retail buyer list... like paidwell mentions you only want to present good equity/profitable deals to local investors]Start by selling your own house?

But this can be an even more profitable deal to you than what you have before you, let me explain.Originally posted by "Wheatie":$47,000 - purchase $15,000 - rehab $412/month - payment on purchase + rehab, 30 years, 7% $1900/month rent $950/month NOI $537/month cash flow - looks good to me.

You aren't buying rental property.You are buying speculation property.Anytime the cost exceeds the rents coming in,you are gambling on gains on property for profit(which i think is insane)Speculation is dangerous

Like I said, they're expensive but if lack of funds is what's standing in the way of a nice profit, it's well worth it.