Yet in this example I embarrassingly need to admit that I directed the profits from my partial note purchase to a NON-tax-free account.

They can also help me go through the process of getting hard money.We would split profits on these rehab projects 50 /50.

I was born and raised here on Maui and currently live on island and have a rental in south Kihei.I enjoy running the numbers, so have a look at my findings for Aina Nalu.The average price of a 1 bedroom, 1 bath unit in Aina Nalu is $241,667 (last 12 months sales).The average VRBO (vacation rentals by owner) price per night throughout the year is about $130 per night, so at 45% occupancy (conservative), you rent for 165 nights a year for a total gross profit of $21,450 a year.Now to cut away at that with yearly taxes of $877.96.

Point being, just because deal won't work for you doesn't mean someone else could not profit from it and sending it to that person could financially benefit you.

In order to make the deal profitable, I sold the property to one of my landlord buyers with a down payment, and carried back the rest at 8%, five year terms.

Profit sharing, referral....I'm confused between these 2:4: well known large, my broker works there.

The trick is to purchase low enough and manage your rehab costs carefully enough that there is a significant profit difference even after paying all your acquisition, carry and selling costs.

Then, can it be profitable?

So, a bit about me, I bought my first home, a fixer-upper, in '97, followed shortly after by 2 duplexes and interspersed over the next 10 years with a few HUD flips and another personal residence that was a HUD foreclosure as well that I sold for a nice profit.

I heard a lot about Florida, but I would be available for any profitable market.As foreigner, and with 1 homes to start (buy and flip) is advised to have a LLC or Corporate?