Anyway, I figured that after purchase price, just shy of 20k in rehab, and reasonable holding costs, the profit would come in at 34-38K so I put the property under contract and proceeded to look for a buyer.I was given the name of an experienced rehab and holder and contacted him about the deal.

We want to provide you with the right solution according to your demands.Professional brokers throughout the country.Specific property search.Property Management.Financial assistance.Legal assistance.Relocation services.Car rental assistance.Hotel and tours information.With these services to mention a few, our intention is to make your real estate experience simple and profitable.

I know of a local non-profit that provides funding.

After all, why own multi-unit properties except for the profit that they can put into your pocket?

So Maybe it would make $6,000/month profit?

My main goal at the moment is to become as familiar as possible with everything rehab and real estate so i can be successful with this investment and develop my next investments into more profitable ones as i go.

If you plan to sale the property in say 1 to 5 years, then there is no real need to worry about building long term equity as you will simply make your profit when you sell.

I'm looking for a book that covers topics on how to locate the best properties to flip, how to maximize your profit from specific renos, how to market your properties yourself, and basically a top to bottom strategic guide on flipping properties.

Will they want a detailed project analysis or will pall park figures work if the profit margin is big enough?

I think you can especially profit from it if you can lock in loan rates before the July 1 interest rate hike by the fed:http://www.1stmillionat33.com/2006/06/a-strategic-trade-in-this-housing-market/I know some of you are quite risk adverse, but all signs point to interest rates climbing for a long time to come.