I have been looking into focusing on a new way to make profits in real estate and it seems like HUD home investing could show some satisfactory results.

I have thought about setting up a non-profit to collect donations to tear down some of these old eyesores.

The goal will be a profit on the first house, which will be where we'll really learn as we 'do' then move on over time to flipping more quickly, refining farm market, etc.I found Bigger Pockets when my business partner sent me J Scotts book on Flipping.

My plan is to get some savings together and then try to purchase my own home which I could over time redo and sell for profit and start from there.

This $1,100 is in addition to the regular profit they will receive.

You own all the equity and any profit you create.

Welcome to the world outside of the shadows.Welcome to Bigger Pockets, great resource to get questions answered.The way I got rid of the headaches of managing rentals was to ...............get rid of all my rentals and flip houses instead :-)I suspect there will be a few others chiming in with less drastic alternatives.I have however found rehabbing a lot more fun and profitable.

I would only exercise the option if local development continues and I can flip the property for a nice profit.

Make sure you have enough margin where you cover holding cost, rehab cost, seller contingencies, and still can make a profit.

I'd like to build a real estate portfolio consisting of several long term "buy and hold" properties, while financing these purchases with wholesaling profits.