When you're ready to sell, you won't make the same profit you would have had you done it all yourself, but in this case--you can't do it all yourself.

But with short term rates so low anyways, those aren't **too** big a factor.Still, add it all up, and there is a basic 'flip' cost that seems to be around 10%.This means that to make a profit as an investor, the price gap between what I pay and what I sell for must be perhaps 10% + fix up costs (call that 10%) plus profit (being VERY conservative, let's call that 5%).

All the profits or losses of the LLC flow through to your personal tax returns.

But also, we do not want to reinvest all the profit.

I took a high interest loan with the intent of flipping the home and making a big profit.

I do work at Keller Williams, the nice thing about profit sharing at KW is that you don't have to participate if you choose not not.

There's too many completly legal ways to make profit.

You need to be able to sell it at a price so that you make a profit as well as the investor who buys it from you.

Then my wife to my surprise and joy suggested that instead of taking the profits and spending them all on the short term that we try to invest them in some other properties closer to where we live.

Of course there are a lot of "investors" who buy a rental knowing that it won't cash flow, but they KNOW that prices will continue to appreciate and they'll make their profit on the sale.