7 March 2018 | 2 replies
    
    
        Best way to raise capital is private money but you need to develop a relationship first and show them deals that you partnered with your parents with.I wish I had started at your age.
    
  
      10 March 2018 | 8 replies
    
    
        My concern would be if you are new to flipping that you may under estimate expenses and that thin margin could turn into a loss. 
    
  
      14 March 2018 | 20 replies
    
    
        JD Martin you are right, my guess is they are only out a couple of thousand dollars between EMD and other fees, but for newbies who are just dipping in, the loss is a burn.
    
  
       8 March 2018 | 2 replies
    
    
        First time I tried it, I put my own capital in to fix up house to be reimbursed from seller. 
    
  
      22 July 2019 | 13 replies
    
    
        This means you have 50k of capital gains built into your property. 
    
  
       8 March 2018 | 4 replies
    
    
        If you are a licensed real estate agent and end up selling your own property, do you still get to write-off the real estate commission against your profit/loss on the sale?  
    
  
      13 March 2018 | 65 replies
    
    
        As for the property not selling, unless there is some legal reason you can not sell you need to sell know even if it is at a loss. 
    
  
      10 March 2018 | 6 replies
    
    
        @Jonathan Taylor generally this can resolve by giving lender audited profit & loss worksheet for current year.
    
  
       9 March 2018 | 15 replies
    
    
        I estimate I could get around $225k if I wait around for the right buyer or I could dump it for a bargain price and chalk up the loss to lessons learned.
    
  
       8 March 2018 | 2 replies
    
    
        You didn't say how much capital you have to invest and what your goals are but the more doors under one roof the better!