Greetings from Arizona.I am an agent in the greater Phoenix area, servicing the majority of the valley including Tempe, Scottsdale, Paradise Valley, Mesa, Chandler, Gilbert, Glendale, etc.

Section 8 Payment Schedule for the 4BR in the location is $1,670/M & the County Housing has a payment schedule of $1,832/M; so net cashflow would be $523.86-569.16/M at $1670/M and $685.86-731.16/MProperty is turnkey is needs just a cleaning for tenant ready.

A little about me, I currently live in Meridian, ID.

Also, our property is 10x the size of most in the city at 1.75 acres.

Really need to get them out, my plan is to give them 60 day notice prior to lease expiring in May of 2025, that they need to move out due to the owner will be remodeling and selling the unit. 

Purchase price: $15,400,000 Cash invested: $125,000 128 unit apartment complex located in Dallas, TX.

Purchase price: $10,188,000 Cash invested: $50,000 110 total apartment units in three complexes within Walterboro and Georgetown, SC.

The comps for a 1,200 sqft house in this area range from $250K to $300K, which would give me a minimum of 25% ARV after rehabbing the house.

In fact, I think there are likely very few Ponzi schemes in real estate.  

My question is to people who has flipped houses or know how it works, assuiming I get a house that needs some work in order to make money and resell i have to renovate it nicely but I dont have any skills nor knowledge how to do remodel and I would have to get contractors to do it for me and they are not cheap at that point i would get contractors to do everything and will i make any profit after selling the hosue?