It would be a ‘Buy to Let’ however our philosophy for this investment would be to reinvest any profits into the refurbishment and upkeep of the property and better our asset, whilst paying off amortization and interest.

There are non profitable majors such as art or psychology, which I have a Psyche degree!

Seller Financing - 15 years @ 7% (intended to keep but sold for a good profit)3, 4, & 5 Private Lender - Interest only loan @ 15%I was in my late teens then, so those were my only choices.

Our business model for Black Diamond is a cost center and doesn't make a profit, so I guess we wouldn't get much for the local franchises, huh? 

I still have to run my numbers though because sometimes even that is too high.I also know an investor in areas like romeoville where they could actually afford to pay 80% of the ARV and they would still be making a great profit.

"Listing" (as in 'promoting the sale of', under a contract) properties, with the intent to profit from the sale of property owned by others, is a brokerage activity and requires a license."

I've noticed that while a deal may look good on paper, it's the quality of the tenants that will drive your profitability.

If the guy manages to give me the property and I can sell it above 38k then I make my profit minus any holding and closing costs, correct?

Plus the developer has gotten grants from the state and many non-profits.

I did inform both tenants that I was also selling the property so there was no deception on my part.I called my realtor and told him I was heading in the rent direction with this property, and if either of the 2 party's interested in purchasing the house didn't make a solid offer I was going to rent it by the end of this week.Yesterday I got an offer for the 86k guy for 102k less 3k in cc and no other concessions.I signed the offer and will profit $17k on this flip.There where 2 factors that made me decide to sell rather than rent,1.