Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

21
Posts
10
Votes
Brennan Thomas
  • New to Real Estate
  • Canton, OH
10
Votes |
21
Posts

House flipping advice

Brennan Thomas
  • New to Real Estate
  • Canton, OH
Posted

So I'm new to REI and trying to get started.

not a ton of money to play with

Flipping some houses for some start up money to more passive ventures seems to be the way I’m leaning.

I've been talking with a hard money lender who is willing to cover 100% of the loan rehab and closing if it doesn't exceed 70% ARV.

all it takes from me is an initial invrstment of $3000 to have access to their software and services, and i pay ernest money.

is this a good deal and good idea?

Most Popular Reply

User Stats

3,034
Posts
2,020
Votes
Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
2,020
Votes |
3,034
Posts
Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

HML telling you to pay $3,000 up front for access to their software and services is a major red flag for me.

Loading replies...