How should I go about mt first flip?

[Mike Muniz]

Let's say a home is up for 100k and I have 50k in cash. What should I do? Should I use 15-20k for a down payment for a loan from a Hard money lender to purchase and use the other 30k for a rehab? I see most hard money lenders lend no less than 75k also, do I have to start with a home that is 80-100k or more? I really don't know how to go about it.