The objective is to keep as much of your operating capital intact as possible.The goal is to buy, fix, finance, and avoid leaving cash in the deal, so you always have liquidity for future projects.

Purchase price: $205,000 Cash invested: $350,000 Our first project together.

Hey All, it looks like there's a lot of people here looking to meet and work together on a project.

Hello everyone,I am from Alexandria, VA located at the border of Washington DC and Prince George County, MD working for a kitchen and bath remodeling company since 2017 known as European Granite Design that also fabricates granite, quartz, marble and quartzite countertops since 2003.I'm experienced Sales and project manager also designs kitchens & bathrooms for remodeling.Using my expertise and connections I want to start working for myself flipping old condos or houses in the Washington DC, Maryland and Northern Virginia (DMV) area.

Ideally a HELOC is used for less then a  year project where you can refi or sell to pay back the HELOC. 5 years is a long time, things can happen and if you reduce the cashflow on both properties you'll be increasing the risk and having thinner margins.

I'd be willing to do small projects for free to spread some goodwill.

We are experienced and have never involved anyone in our projects and have never used a loan outside of a conventional mortgage.

Let’s just say the hard money lender became my best frenemy for the duration of this project.

As those prices fluctuate, there is a builders somewhere putting his feet up waiting to see a market turn more active because the last thing he wants to do is start paying crews to build houses, that could drop in value while he's halfway through the build process and losing equity halfway into the project.

Time allows for adjustments, scaling, and reinvestment in ways that short-term projects simply can’t achieve.