回复：I guess the key for this to work is to find a property

来源: 槑 于 2010-08-04 08:54:27 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (698 bytes)
本帖于 2010-08-04 10:29:57 时间, 由普通用户 laoyangdelp 编辑
回答: My negative cashflow properties 由 槑 于 2010-08-04 07:31:20

true. Get the property is the most important.

the 50k includes rehab fees. Most case I need to do some rehab/renovtion.

Fortunately, I just got 2 in the past 2 month at 11k and 15k, both of them are good,
Sell at 100k is difficult, that's I said many times, under current situation, people don't have downpayment, plus bad credit prohits them from borrowing. I tried to sell at 100k but failed, i'm ok to sell it at 100k, but market doesn't coorperate.

if sell, I think I should get 70k, what leaves me very few money, plus I have to pay profit tax for flipping.

Now using land contract, I defer the tax, and earn big interest too.

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