[JMPRO]

This brings up a point I have been thinking about. When you do a flip do you consider the profit gain on what cash you had invested in the property or on what you were on the hook for as far as the mortage goes. If I buy a house for 500g, put 50g in a remodel and sell the house for 650g I made a 50g profit on the deal. Some people tell me thats a good profit seeing as how I only had to put out 50g. I see it that I was on the hook for the 500g and am libel for that amount if the deal goes bad.Thats only a 10% profit and I can make that and more funding 2nd trust deeds with a lot less work and risk, although I may soon own a condo in Boise Id. I didn't plan on. The good thing is the condo is only funded to about half its appraised value.
JMPRO