During school I had the opportunity to intern at a local real estate firm in their commercial leasing department.

Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

Looking forward to meeting local and international investors here on BP!

You add your appreciation from the final sales price and cash flow on a T-table and calculate the internal rate of return (IRR).Most appreciation is market driven.

Starting with the income...I assume he's not generating $4K+ in laundry revenue, so how does he get $15-17K?

I chose Atlanta because it is the international transportation hub of the south east having the busiest airport in USIt has a diverse economy with many Fortune 500 companies setting up offices therefriends and family that moved down theremet some investors that were from NY that invested down theregood size populationaverage salary is high enough to pay me rent and rent is decent enough for me to make a profitprice it is way cheaper than NYC

Looks like it might be a good place for one of these Tiny Homes to sit and generate additional revenue.  

Not to mention that you'll continuity between projects (which you won't get if you're using different GCs on different projects), the project manager will likely be more aligned to your needs than the contractors needs (since he works for you, not the GC) and, if you do a revenue share with the project manager, you can be certain that he will have incentive to manage the schedule and budget very closely.Btw, I spend a good part of a chapter discussing this topic in the BiggerPockets Flipping book...check that out for more info...

As far as what to do getting a second, better paying job is an option but perhaps a better use of your time would be to work as an unpaid intern in a real estate capacity.

Hi everybody,I'm looking to increase my volume to closing on 1 new flip a week by the end of the year. I was just wondering what everybody thought about when to replace non-cosmetic items in the house. I usually almos...