Walter Fabiszewski
No money down infinite profit
Investment Info:
Condo buy & hold investment in Pompano Beach.
Purchase price: $60,000
Estate sale. Used my HELOC to purchase and completely renovate. $80,000 total investment. $205,000 ARV.
Komal Patel
How do you calculate profit??
Hi BPs
Need your help urgently. I am working on my first deal. Actually ARV of house in realist report is $418k and bank accepted my offer of $330k.. (315k was offer amount plus 5%auction charges-17k ) Which was...
Nick Baldwin
Typical Pinellas Co. Profit Margins
hey guys I am wonder what you guys are seeing as typical profit margins on your flips in Pinellas?I've talked to several people and have gotten different types of answers from- "I look to make $x per flip" to "I look ...
Tai DeSa
My most profitable flip ever
Investment Info:
Other fix & flip investment.
Purchase price: $1
Cash invested: $3,000
Sale price: $100,000
With the help of an attorney, we helped a seller with the deed-in-lieu of foreclosu...
William C.
Is a HELIC considered profit?
CPA’s, accountants, and loan officers please chime in but obviously don’t provide anyone with tax advice, but does my logic make any sense?I was told once by a lender that debt service is not considered profit. For e...
Jonathan Scott
Profits from a sold property.
I am selling one of my properties and want to do a 1031 exchange If I have a mortgage and a home equity loan do I pay those off and anything left would be my profit to put in to the 1031 so I don’t pay tax on it? Any ...
Michael Wise
Entry level flip, decent profit
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $98,000
Cash invested: $20,000
Complete interior remodel, exterior paint, etc
Mark Dante
Negotiating with a non-profit
There is a property in my hometown owned by a non-profit that has been for sale for several years. I made an offer on the property and was awaiting a response. The realtor calls me to tell me that...surprise...anoth...
Tess House
Profit Sharing in a partnership
My boyfriend is starting a real estate company. I want to get into real estate as well. How can we set up the business or provide support for one another in a way where both of us indivually can find deals without it ...
Gale Waldron
Splitting Profits in House Flipping
I am relatively new to house flipping. Three of us (friends) put our money together to invest in properties to flip (3 last year). I am concerned with keeping good income tax records and while the other two investor f...