New to House Flipping

[Aimee Piacentino]

Hey there, thank you to those who provide your knowledge and expertise in the area of house flipping. So, last year I did get into the wholesaling side of RE, I work full time still and have recently become interested in house flipping. I work in the construction industry and have that covered for renovations and cost. 

I have done research on it and I have heard now is still a good time to get in on the flipping side of things because there are still buyers out there searching and inventory is still low. I am all for it and want to jump in, but with the interests rates still climbing and prices are still coming down on homes; my question is, how do you predict a sale of a home 3, 4 or 6 months down the road when I am ready to sell, and still be able to make a profit, if home prices are coming down? Yes, possibly I could refinance and rent. 

From what I am gathering and have been hearing is to always prepare for the worst and find strategies to get around those hurdles. It sounds like a good idea, but being the first flip ever how do you know what hurdles to prepare for? 

Is there anyone that could help guide me in the right direction? Is it best to go through a private lender, or hard money lender? How could I possibly get this 100% funded, if that is even possible? In the REI world of terms what is the "spread" that I need to look for if housing prices are coming down?

Again thank you to those who provide their knowledge. Really appreciate it.