I mainly invest in my local area that I know the market very well. I also only invest in smaller projects so I can flip it quickly to avoid more exposure to possible loss.
I usually buy at below 70% of the market, fix it to the top of the line, and then sell it on the MLS. By this time, I have made very decent profit on each transaction.
When I get a private loan, we have to sign the agreement at a public notary with very detailed items on how and when the fund should be returned, what the lender can do to recover his/her loss with my commission or properties.
Thank you for your recommendation
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在湾区有人做类似的生意。借private loan买房子,然后flip.
-东门庆-
♂
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08/30/2010 postreply
10:15:19
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我一般要有50%毛利才出手,最后净利润在30%.
-va_landlord-
♂
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08/30/2010 postreply
10:28:27
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回复:我一般要有50%毛利才出手,最后净利润在30%.
-上网看看-马里兰-
♀
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08/30/2010 postreply
18:48:18