I really really don't mind sharing any profits with any mentor/partners as long as I can get my foot in the door.

Were they profitable?

that may be true.but as an INVESTOR, what you're looking for is these same houses (maybe a bit more beaten up) that have lazy, absent, distressed owners - now you're talking a real reduction in price (and possibly value) of say 25 to 40k...now we're at 60kyou increase the value by making the improvements the former owner could/would not and selling it at a price below the others - say for this example comp'd houses list at 95k - you're selling for 89k for a 20k profit!

buying re, and basing all your profit (and success) on the possibility of it appreciating sounds more like gambling then investing.

.$5k option money up front$1700 first months rent$1700 second months rent$300 x 10 months rent = $3k$15k at closing ($160k - $145k = $15k)That's $26,400.00 over 12 months total PROFIT!

my profits have long since been eaten up by holding costs.

I realize that many people would real estate investing stressful, I would find it far more stressful to be at a 9 to 5 knowing that in order to make more money I would have to work more hours.For example, I just closed a home friday that I made a $17,000 net profit, That would be the equivalent to working a full year 2000 hours at $8.50 an hour, which alot of people do.

50% - 50% split of profits is common with a money partner.

it was the one with a young guy who knew a bunch of his buddies and they were all helping him.he did a great job and things he said were very spot on...the only thing i could see that "changed" a bit without being pointed out was that in the very beginning of the show - he mentioned a 250,000 profit...by the end, it was 140,000 - after the property was appraised.he bought it for i think 500k, lived there for 2 years...did 35k work to it and it appraised for 675,000 [and they didn't show him selling it, just showing it - then the show ended].minna - hope all goes well man - what was your profit margin at 12k for the rehab?

Some rehabbers might need a 10K minimum profit to do the deal, and others may want a 20% profit spread.As a wholesaler, you need to know your customer.