All Forum Posts by: Deborah Wodell

Looking to tackle your next project? Here’s what we can offer:
✅ Up to 90% Purchase Price + 100% of Renovation Costs (70-75% ARV cap).
✅ Interest Rates Starting at 8.5% (based on qualifications).
✅ Quick Closings in as little as 7-14 days!
✅ Flexible 12-18 Month Terms with interest-only payments.

Whether you're new or experienced, we work with a trusted network of lenders to customize the perfect funding solution for your flips.

Sent a message! If you’d like, I can share a few recommendations or resources to help get you started. 

It's great to hear that you're considering deploying your cash into another property and looking into DSCR loans—they're a fantastic option for investment properties when cash flow is strong. I've sent you a DM to discuss this further.

Would love to discuss! Sent you a dm

Dalton, I completely understand how frustrating a low appraisal can be, especially when your CMA supports a higher ARV. If you're confident in your comps, it may be worth discussing with the appraiser or lender to see if there's room to provide additional context or request a review. I can see where the concern lies with those tight numbers. looking at your breakdown, the margin leaves very little room for error, especially with holding costs and commissions eating into your profit. If the comps truly support $280–$290K, the appraisal might not hinder your final sale price, but it's critical to prepare for hiccups. Maybe revisit your rehab scope or renegotiate the purchase price. Playing it safe might mean walking away if the numbers can't improve. Your call, but tread cautiously!

Getting a General Contractor (GC) license can be a smart move, but it depends on your priorities as a flipper. It might save you money on labor and give you more control over projects, but it also means taking on more responsibility for permits, inspections, and subcontractors. If you enjoy the hands-on work, keep in mind that managing as a GC might pull you away from that. Alternatively, partnering with a reliable GC can help you scale without adding extra responsibilities. It’s all about aligning it with your long-term goals.

Hi Randy!

It's awesome that you're diving into house flipping, rehabbing, and BRRRR strategies. Starting with education is key, so you're on the right track! I'd recommend networking with experienced investors, joining local real estate meetups, and exploring resources like BiggerPockets podcasts and forums.

For hands-on experience, consider partnering with seasoned flippers or shadowing contractors to learn the ropes. Also, focus on building a solid understanding of deal analysis, financing options, and project management—it’ll save you time and money in the long run.

 Hey John! Was any of your experience on file? That would make it much easier. There are a few who can do without them. 

Yes, that makes sense! 

If the flip takes longer than a year, it's still considered a flip by the IRS, not a rental property, so the length of time doesn’t change the tax treatment. Just keep thorough records of your expenses—materials, labor, permits, etc.—and work with an accountant to make sure everything is properly documented.

As long as your primary goal is to sell the property after renovating, your profits won’t be taxed like long-term rental income. But getting professional advice will help you navigate any specifics.

Congrats on the progress! A typical rehab usually takes 2-3 months, but it can take longer for a full gut and heavy rehab like yours. One thing that helps is having a clear monthly plan so everyone knows what’s expected. For example, focus on demo and structural work in month 1, plumbing and electrical in month 2, and finishing (flooring, paint, etc.) in month 3. Regular check-ins with your GC will help keep everything on track. If you’re tackling major work like a full bathroom gut, expect it to stretch out, but with a solid plan, you'll stay organized and avoid delays. Best of luck with the duplex!