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Updated about 4 years ago on . Most recent reply

House flipping advice
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

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