Flipping involves buying and selling in a relatively short amount of time, dealing with contractors, finding the property.

Just make surest heir investment is worth the added tax compliance involved.

My brother in law is very eager to be involved.

However,  there are many opportunities in the Jacksonville area as well and, being a native of the area, and being involved in real estate from every possible angle, including being an agent, certainly put me on the list to contact if you need any assistance as well.

I've been involved in rehabs for a few years now so I can connect you with great contractors in several other trades as well.

So here's my question: If you are in a private deal with a seller, no realtors involved, and the home value is X, but you're able to talk the seller into selling for Y, which is less than X, would you then be able to go get a mortgage using the difference between X and Y as the value of your down payment?

Does anyone know what kind of closing costs are involved when buying cash?

Depending on how many family members are involved and how many apartments you need, you could still potentially benefit from the other apartments.  

@Gary Alford  I know this is an old thread.the issue with the one I bought it was a mortgage not a lien.we deal with code enforcement liens all the time.. they are our targets.we routinely get them knocked down by 70 to 90% by just being nice and cleaning stuff up.end of the day though  there is profit and unconscionable profit.. 95k on a 195k deal is just not anything I want to be involved with I would just step aside and let someone else have it..

Are you currently involved in this or is it one of your future goals?