i am new at this i found a home asking 980000 apprasil 1300000 alot of money should i try to find invester and assing or thats alot of profit if you can resell it but i cant afford to hold the house and make payments plus i need to find invester would they even want this deal and is there a way i could get the money and put off payments to invester until the house is sold id rather work it to make the most money but i need to be safe too if you know investers please contact me need help now thank you c.s.

Hard money lenders cost for cash will eat up all my profit

If you stay at the 70% guideline, you stand to make about 10-13% of the ARV for profit, before taxes.

It also puts you in a position to do "Lonnie deals" which ar very profitable.

We are individuals who buy real estate (single family houses, duplexes, multiple apartment units, commercial properties, etc.) for profit.

your GROSS profit is 48kThen DEDUCT the option money you collected upfront... say 5k (could be 2k, could be 7k, could be ?)

I would have to investigate the area to make sure it is zoned for what you want to build, make sure that there are no problems with soil and researching the geographic area to give you statistics on what you can expect to profit on your project.

I'll have to calculate what the profit will be after the extra holding costs and see if it's still a good deal.

I'll be honest though - it was a learning experience and knowing what I know now, if it's as desirable and area as you say it is I would probably sell for some profit to reinvest and get better cashflow elsewhere.

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