So my question is how much tax will I have to pay on that $200k profit?

Assuming you have a solid market for townhome product you can get a very solid guage of the potential profits in this deal.

I am a very honest person, almost to a fault sometimes.I basically do my negotiation, by reviewing the facts of the property with the seller, let them tell me some things about the property, their situation, why they are selling etc... but when it comes time to closing the deal, I have no idea what to say to justify my offer without spelling out how I arrived at the numbers (such as I put in offer of 70%-repairs-profit).

For anyone willing to share, what do you typically profit (after all fees, not including capital gains) make on a single family home rehab with an ARV of say 200k?

I have earned some great short term profits, all while staying on course for the long-term.

4 - What information can I find at the Local County Office and how can I use that to profit in wholesaling?

Now I also had a partner so my number was $8,000 per month or roughly $100,000 per year.Now I determined that I could find rentals at 40% return on investment, so I figured I needed to build about $250,000 in capital to invest at my 40% ROI to get my $4,000 per month.So my initial strategy was to figure out ways to turn what money I had (under $10,000) into $250,000 to reach my goals.Before you invest all of your 100K into rentals (which produce small increments of long term income) you might want to figure out how you will get more money to invest once your 100K is gone.

Tax Code provides several strong incentives that make it exceptionally profitable for real estate investors to “both a lender and a borrower be!”

(do you need permits for any of the work - call the town to ask GENERAL INFORMATION about permits and such).k, so 12k in repairs and let's say 12k in closing costs = 24,000now let's just saaaayy, you'll have a mortgage payment, and i'll just throw a number out there to save time and typing = 2500 month (includes PITI)and you plan WORST CASE SCENARIO OF HOLDING TIME - 6 MONTHS= 15,000you sell it with a realtor = 3% comm at 300k = 9,000add it up = 48000 total cost of project soup to nutsso, you buy for 239k + 48,000 = 287,000 sell for 300k...profit = 13kbasic but you get the point - try this: you probably shouldn't pay more than 180,000 for it.

I realize that many people would real estate investing stressful, I would find it far more stressful to be at a 9 to 5 knowing that in order to make more money I would have to work more hours.For example, I just closed a home friday that I made a $17,000 net profit, That would be the equivalent to working a full year 2000 hours at $8.50 an hour, which alot of people do.