You would need to sell the property to your lease option buyer for more than $155K if you want to make a profit.

By playing this game, I am taking the risk while I am rehabbing the new property, that no major expenses will come up with the old property that will put me in the red for that month.If you are talking about flipping a property, then sure you will live off part of that income while using the profit for another purchase.

Did you find these to be more profitable than say, a six unit or a multi-unit?

I then multiplied 333 by 2066)Investor Profit: 35%Estimated repairs: 16,000Assignment fee: 8,000Closing Costs: 31,200The total price I would advertise to investors would be $398,000.Everyone, what do you think?????

Please feel Free to Contact me to Discuss any Interests, Concerns or Difficulties that you may be running into in Getting Profitable Transactions Completed.

Rent needs to be quite a bit more than PITI to have a profitable investment.

Any bank is going to want at least 20% down on a commercial loan and many are now asking 30%.You might have to do a couple of a different type of deal and save your profits up until you have the down payment for a multi.When you are ready to buy a commercial property, the bank will use the income from the property to decide how much you can borrow.

It reads as if you are trying to carve as much profit upfront as possible versus form long lasting relationships.

"It's shameful that so many corporations make big profits and pay nothing to support our country," said Sen.

So, if you have buyers lined, and this fits their criteria, move ahead.As a rental, its a bad deal even at $75K.Here's the breakdownRent $800Expenses 40% of rent (Mike would use 50%)Expenses $320NOI $480Desired profit $100Left for payment $380Max price $57,117 (7%, 30 years)But, if you're wholesaling, it all depends on what your buyers want.