It's toooooo expensive to make a profit.

Or is that only on any profit I make from it?

That means 15-20% goes to soft costs and 10-15% is your profit.

Home building is usually a profitable business...you said the bank "bought the property back at $200 K".

But long term I would to develop warehouses, apartments, skies the limit :mrgreen: But for my first one I am mostly concerned with learning more than making a huge profit.

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.