In our smaller city I should be able to buy and rehab my first house for under 40K if I find the right deal, and expect between 5 and 10K profit after expenses.

Some of it is good (you don't pay income tax on the increase in equity of a building until you sell) and some of it is bad (you pay income tax for partnership profits that are reinvested in the partnership).

If you don't have it, get a job and save up some money.If this (flipping two houses for $40K profit with less than $200 cash spent) really can be done, I'd really like to see a detailed account of it.

You can't just buy something and expect it to make a profit for you.I personally love all of Arizona and each city has its benefits and beauties.

If you want an "easy" way to make money then you could become a private investor and loan out the $15K to other investors.how much profit would i make in by loaning out my 15k to other investors and how quick can i make profit?

#2: Here's the twisted part: I don't think you are entitled to any US Government benefits, including the ability to live in a safe and profitable country secured by a military paid for by taxpayer citizens, unless you are paying taxes and registered with the government.

The agreement stipulates the mutually agreed value at time of assignment and how any future profits above that figure will be distributed to the beneficiaries... say, 100% to you after paying the mutually agreed value previously negotiated.3- set the term: At termination of the Trust, you have right to purchase the 1st beneficiaries interest in the trust.

Sell it when you're ready to move to Arkansas and live high off the profits.

Construction Items required in a Preliminary Package1.Project description (which includes number of units, proposed pricing of units, total costs, per plan costs, profits, proposed equity and proposed loan amount, any subordinated debt)2.Project cash flow3.Location map4.Cost breakdown 5.Market study - if available (an internal or third party study)6.Sequence list (including lot number, plan number, base price, proposed premiums) 7.Biography or resume of key management8.Authorization/Release for Business and Principal9.Borrower’s Certificate of Past Credit Relationships (attached)10.Banking references and two sub-contractor or supplier references (attached)11.List of all current projects (location, price range, size range, sales rate, JV partner, lender) (attached)12.Financial Statements for borrowing entity and guarantor(s) (attached)a)Current financial statements, indicate book value or market value basisb)Statements must accurately report all assets and all liabilities (include contingencies)c)Statements must be signed and datedd)Signed tax returns for past two years (please include all K1’s)13.Financial Statement Certification (attached)14.Tax Return Certification (attached)15.

I went through a house about 6 weeks ago that was bank owned and listed at $75k.... needed some work, but could be rehabbed and sold for about a conservative $5k-10k profit.