I am with Romi on this one, if you are starting out with flipping it will take more than a book to enable you to profit in any market condition.

Sometimes they are sick of it and just want to move on.Whatever the reason, motivated sellers are the way to profit from this game.

But if you know what you're doing, very profitable.

Profit margin: I believe that you need to have a substantial profit margin before something is worth investing in.

What are the types of things they would have to know if they wanted to sell their home without a real estate agent and really profit from it?

Then someone offers themmoney for it so they sell at a big profit and buy anotherclunker.It's fun AND profitable.

Could it be that when you flip it is for quick profit and you would do a 1031 vs rehabbing which you would live in it and hold on to a home at lease 2 yrs for capital gains?

i almost went through with one in Tampa, but backed out when i saw condo market was glutted--you MUST make sure price you pay is RIGHT--THAT is where you will make your profit--where is it?

First off thinking how much I could flip it for and sell it within 30 days from my closing and make my minimum wholesale profit.

S Corps have limitations as well and you pay will pay taxes here as well.LLC is a pass-through entity where if you make 40k in profit, the entire 40k is taxed through your personal self employment tax - but you don't pay SS or Medicare Taxes, like you will with an S Corp, because with an S Corp, you are both an owner and an employee.