I have been in contact with them, but they seem intent on trying to sell the house and make the owner a profit.

Pay cash for a multi-family, rent out, then either wait to get my return on investment or sell for decent profit, and then repeat the process to buy more multi-fams.

I make about $180-$200 profit off of each contract sale monthly.

I would really talk to a mortgage broker and get pre qualified and then focus on profits and cash flow.

Heck, I would make a profit if I did it today albeit small.

If you care mostly about the backend profit, you must make sure your tenant buyer will be able to realistically qualify for a mortgage during your lease term.

;-)Yours In Profits,S and SGoodness where do we begin here?

It was probably a mixture of not knowing people there and making newbies mistakes...but this was 4 years ago...I fliped the property for a good profit !

†Sebat said he used to be able to buy four or five properties at a time and sell them the next day for a profit of as much as 5 percent. “There is panic in the market,†said Sebat, 52, who wouldn’t give his full name because he’s juggling 60 properties.

The idea is that we each put in $50-100k (we haven't reached an exact decision as to what the buy-in will be) and split profits evenly.Here's where it gets fuzzy for me.