If your project will not qualify for conventional financing and you have to use a hard money rehab loan you can expect to pay 14%+ in interest as well as several points on the loan and that can eat up a large chunk of your profit.

:help: :help: :help: 485 sq ft Studio in apartment turned condo, in community that rents at around 95% occupancybuilt 1983, updated in 20031/4 mile from Palms CasinoSales price 110K, 10% down required11K cashback at closing, if financing is done through preferred lender (covers 10% downpayment)Management takes care of all internal repairsCurrent tenant renting at 605/month, on lease through 3/1/08Developer offering leaseback of 770/month + no HOA fees or Mgmt fees for 2 years (guaranteed to net profit $90 per month after taxes for 2 years)After 2 years, owner receives whatever property rents for, plus is put in a "Shared Rental Pool": a quarterly check of [Going Rent of all comparable studios in community]X[% Occupied in community]-[losses/improvements of the community].

THIS IS ONLY A PARTIAL LIST.On these thousands of properties, they must concern themselves with occupant issues, safety and hazard issues, legal and title issues, property preservation issues, expense management, documentation and company/lender auditors, investor oversight, potential insurance claims, PMI or M/I claims, government oversight, Fair Housing issues, ooh and Profit/Loss (Values).

If the deal is that good you should be able to find an investor to put up the money in exchange for a percentage of the profits.

I need a sample so I can draw something up.I'm going to pay them 10% of there loan amount and 2 points of the net profit.

As to the co-op angle, if you are netting a profit from the lease, you should use a seperate lease to sub-let the property, if you are not, you can assign the lease if the assignment is allowed under state law, best to just specifically agree to assignments.

Work the money and make enough profit so that the $450 becomes noise.John Corey

Using multiple lenders multiplies your opportunity to do more than two transactions per year, even as a non-seasoned real estate investor.Benefits for Credit Partner: Investment fully secured by reserves up to 6 months.Our unique and successful system creates a market niche even in our competitive market.There is no management cost and we pay 100% of all maintenance and repair cost.No foreclosure Equity build up allows us to market property to be sold at a rapid pace.Great income opportunity: Profit within 5-30 days, depending on partner’s participation.

When we go to sell what is a fair/typical profit split?

If I KNOW that a house is empty, and I KNOW the seller is an investor, and I KNOW they want to get rid of it.....how can I profit from this condition, with the least amount of risk?