$800,000 would buy you quite a lot of real estate and quite a lot of cash flow, even passively where you never have to speak to or look at a tenant, just collecting checks every month.Definitely look into all your options regarding maximizing your profit on the deal and minimizing your taxes

We also model the profitability and hold period of each property based solely on cashflow - we assume no appreciation in value (which, when you consider inflation, actually works out to depreciation) and that the property will be disposed at the same price (or perhaps 5% less) than its capital cost.While this approach seems to be far too conservative in the eyes of other local investors, I would rather treat any gain on disposition as a windfall and retain the ability to profitably sell properties below future FMV if we need to dispose at an in-opportune time in the cycle.

I started with a $28K condo outside Orlando and went up from there.If you're still a little aprehensive, hook up with another seasoned investor and offer to fund the deal and split the profits if they help you get it done.

I've read stories of people going through heaven and hell to get the contract and pocket maybe upwards of $10K (which is a big profit in this space as I understand it) fully knowing that the investor they sold it to is going to make at least that and probably a multiple of (not that their job is any easier).For all of that work, and assuming it really is the great deal you are marketing to your investor network, I'm wondering why not see the deal all the way through the flip and maximize your upside and the effort you put in?

Now, keep in mind that if you go this route, then all of the gains and profits from the deal must go back into your retirement account (sheltered from taxes) and you are not allowed to do any work on the property yourself.

After 7 years we sold it for a nice profit & that broker still sends us xmas cards.

In California my largest wholesale profit was 20k.

Profit Margin (will I make enough money)2.

I'm looking to utilize my knowledge as an agent, as well as my degree in Accounting, to develop a highly successful and profitable business.My overall goal is to purchase single family homes and 2-5 unit buildings, and rent them out.

During the Smart Money interview, which I have a printed copy of btw, he claimed he had done several highly profitable deals in Phoenix.