They have refused to give me a closing date (until recently), and stalled on everything.I ran this past my real estate agent, and he explained that many builders/mortgage companies (they are both the same group, in my case) have been trying to make the process as difficult as possible so buyers will “walk” from the deal and allow the builder to reap huge profits when they sell to another buyer (because the market has gone up since we signed—our house is now worth about $65-85K more than we will pay for it).

Thank goodness I got everything paid down some (under $7,000) I need a financial partner that could assist me in obtaining more permanent financing then evenly split the profits after expenses.

The art of the deal is not profit, but knowing you provide a service that provides help a way out for the homeowner that is facing foreclosure.When your focus is off profit and on providing help to homeowners profit will come!

If you can not stand to loose some money you should not be geting into building spec homes. 4) As you seem to have no track record it will be tough to figure the total cost of a project... hence you will not know what your profit margin would be and what your downside could be if the market turned on you.The beaty of flipping is that once the place is renovated you can rent or sell.

Made a profit W/O coming out of pocket.....So if your a broke *** college student like I was, who was good at paying interest bearing bills, Try this one out it might work....If it doesn't, the consequences will be utter chaos, yeah-Art

The Q that drew a deer-in-the-headlight stare every time: It seems that if I let you choose and place a tenant in my unit, that, according to your transaction based fee schedule, you would actually make a lot more profit, if that tenant you chose turns out a bad tenant, stops paying rent, trashes the place and has to be evicted.

Just make sure that you can figure in nice profit margins for everyone involved BEFORE you bring the deal to them.

I am an investor on the real estate side, currently started studying the actual market dynamics of it all about a year ago....like it....since then have sold two new houses; w/ no liquidity....no out of pocket money, turned a profit and in about a week or two I will have a #3 on the resume.I work as a mortgage broker in alabama at Colonial Mortgage Group, LLC....turning out as many purchases and refis as my infantile marketing "savyness" will allow.

[size=16]Discover Your Passion & Turn it Into Profit[/size]We act as though comfort and luxury were the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about.Charles Kingsley A recent television ad for a large investment firm said in part, “This is what you’ve been working towards doing your whole life”.

Starting out wholesaling 1-2 deals per month with an average profit of 5k is not unreasonable at all.