Thank you for your recommendation

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.

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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- 给 东门庆 发送悄悄话 东门庆 的博客首页 (484 bytes) () 08/30/2010 postreply 10:15:19

我一般要有50%毛利才出手,最后净利润在30%. -va_landlord- 给 va_landlord 发送悄悄话 va_landlord 的博客首页 (0 bytes) () 08/30/2010 postreply 10:28:27

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- 给 上网看看-马里兰 发送悄悄话 (134 bytes) () 08/30/2010 postreply 18:48:18

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