That's left up to the station.I do agree that the profits are exaggerated through not factoring in holding costs, closing costs, and miscellaneous fees.Either way, welcome to the conversations, Johnny.

I was wondering what the best way to go about this and making the most profit as possible.

When you get through you could easily spend $40K, $50K and really not be sure the house will sell in this market to make a decent profit for your trouble.

Establish what price you need to be at for profit.

When you speak of getting investors, keep in mind thatthey don't want a percent interest -- like 9% -- theywill be part-owners with you and will want their shareof the profits.

It sounds like it offers the biggest ROI in the shortest time frame, and if you were to continue to reinvest the profits over and over again into more and more and larger and larger condo conversions that you could do extremely well as opposed to just holding.

Do you build up your profits and save for another investment or do you pay down your debt on your loans that you have ?

We are going to split the profits from the sale of the house.

Yes, you can make the whole thing profitable.

I have a question regarding taxes after selling a property. Lets say I sell a property and make 20,000 off it after all fees and agent commission, how is that 20,000 taxed if I want to cash out on it. And is that some...