They are super lenient with self employed buyers as well..as far as using profit and loss statements and such.

Then that go will give back some of the extra profit...Bid rigging is a thing...

I profit about $1000 per week per property between April-October.

It’s appreciated in value considerably while I’ve owned it.I know there is the 250k exemption on profits from the sale of your primary residence but that has to have been your primary residence 2 of the last 5 years.

Although a few of them may actually do a loan for a slam dunk killer deal, if they do, they’ll end with most of the potential profit too.

@Kerry Noble JrMy end goals are to flip homes in the Chicagoland Area and eventually to other major cities.

My original plan was to put a HELOC on each unit and pull 80% of the value out to recoup my cash, however now I’m considering doing a cashout refi in six months for the same amount or more.Using the HELOC, my original plan was to take a 50k line on each unit and use all of my cash flow (no money set aside for reserves/profit) to not only pay the interest but also the principle down.

Private Money Investor, with 50-50 split, 50- 50 profit or loss share.

Just bought, fees expanded a little when my partner and I purchased so our immediate profit eroded a little.

She has a lender lined up to give her a conventional loan, but she needs 5 months to complete their requirements to qualify.Since she is about to loose all the equity she has put into the property, she has offered me the following terms: I'll pay off her land contract, she'll make monthly payments to me of $1,200, and then in 5 months she'll refinance out and pay me out a lump sum of $160,000, for a profit of $20,000.