2)In option two if you take $120,000 and pay your investor back his $65,000 and say an additional 20% of profit on $120,000-$65,000($55,000) giving him $11,000 of that and leaving you with $45,000.

I own a house in Rosharon (south of Houston) that is currently rented but with no profit. and rent/work in the lafayette LA area.

A $50,000 loan amortized over 30 years is only about $268 a month and that's assuming you make no profit from renting it.

We want to drive superior profits thus we strive for a superior process not just a superior product.Now, if your GC is not getting the renovation completed timely that's a different issue....

End-game possibilities to (a) put on the market to sell after 4 months refurb – could be worth $575K ARV and if sold quickly yield me a 30%+ cash on cash return, or (b) if soft buyer’s market then put out to rent, with projected 9% cap rate.My main questions:If I put in 90% of equity, what % of profits would be competitive?

However should i take the little profit and run or jump and swim with the sharks?

From what I know (I'm not a CPA) you do not pay capital gains tax if you sold your personal residence for up to $500k profit which includes you and your wife (250k each) .

All in all, it cost us $5k and we were only cash flowing $100/month so that wiped out profit for years.

Any thoughts on Brian's mention of lease option with so much neg equity, or IOU note to seller to pay below market once house is rehabbed and sold at investor profit?

I hope that your home sells quickly and for profit!