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Updated over 8 years ago,
What really happen in the buying process? All steps & docs needed
Ive read and heard a lot of success stories and the fun parts of investing...but what realistically happens/needs to happen throughout the whole process...paperwork/money wise. I get the find the right deal and right property to flip, and the right property to rent out part. But what's the paperwork and money involvement with buying a flipper (quick buy and quick sell). I just bought our first home and we are military so I know the process of a VA loan, but I want to know the process of intent to flip (if different than private residence). If you can explain the difference between conventional loan vs. Private lender/cash buy process. Also, could I use a VA loan to purchase a flip and or rental property? (I know this is all mixed up, just typed as I kept thinking of questions)