I still should profit $40,000 I will be happy with $20,000 I"m calling a few investors today to see if they would take it for only 12,500 more than i paid for it.

I have also purchased and am currently reading through John Burley's Progressive Profits.

Are there companies that take money from individual investors and share some % of rent or profits?

Either a single family home, duplex or triplex I find to be the best first investment.The reasoning is this:When you buy rental income and turn a profit, that profit counts toward additional financing for additional properties.

Just curious, how many rehabs do you flip per year and on average, how much do you gross in profit per flip?

I've heard stories about people buying and holding for a year, and then selling as towns close in on it for a profit.

Flipping has basically two different meanings....You could get a house at an auction, own the house, fix up the property and then sell for a profit....orFind a house that is well below market value, get it under contract, and sell the contract to another investor for a small profit...2-5k.You are referring to the first approach...it's much easier to say rehabbing becuase everyone wil know exactly what you mean.

Splitting $200 or so net profit per month between 5 people doesn't sound great to me.

Just because you can rent for $1200 per month and your mortgage is $1000 - doesn't me you have $200 profit per month.

Does anyone know if the 25% profit is reported as in a 1099 form?