Today I received my first official pre-approval letter from a potential lender.

Which are then usually sold off at an auction.So really the only one that can help you is the official owner of the property.

I'm haven't invested yet and am merely in the studying/networking/analyzing stage right now but it's encouraging to see your first official flip be so successful.

There will be an announcement on or around 9/1, according to the email I received.

We flipped our first house, buying December 29th of last year and officially selling on April 18th of this year.

For such a small loan size you may get dinged if you are looking to do conventional financing - and given 15% down and the need for PMI, i think it will be hard for you to get a rate of 4.0% (also rates are increasing as the Fed announces a rate increase today)

But the main catch here is the property wouldn't officially be in the flippers' name.

I've been waiting for a Bmore Meetup to be announced, would definitely be interested...

I'm making my official introduction here as a signpost for when I _really_ started down the path of REI.I'm a senior software engineer for a consulting company headquartered out of Minneapolis, with an Omaha office of about 30 developers.

Devin,Good job man, you have officially taken the first step!