My buddy and I are about ready to pull the trigger on our first, will get financing obviously.

you can also tell the next buyer, it just appraised for "X" but I need "Y" above the appraisal.my buddy did this. he did a flip; fha so 2 appraisals required if sold within 6 months. 1st appraisal at $140k; 2nd at $130k. they take the lower of the 2.he put it back on the market and had 2 offers right away; 1 pay $2500 over the appraisal and the other $5k over the appraisal so it can happen.

@Travis BenhamWelcome buddy!

Without experience and income to back up the loan if the flip doesn't work out well you guys aren't going to be able to get a loan.Don't be in hurry to jump in with your buddies if you guys don't have your ducks in a row.

I don't strive to be buddies with all of my residents, but without the rewards of quality relationships I would have quit being a LL a long time ago.

What kind of GF and other buddies coming over can you expect?

Call and tell them your buddy is getting a way better rate than the exorbitant amount they asked you for online.

I've partnered up with a buddy of mine who is liked minded and we are focusing our energy on flipping preferably 3/2 single family homes under 150K. 

They probably won't show up to contest and then it will go to auction and you're buddy will set whatever bid he's willing to sell the property for up to the maximum allowed which includes principal+interest+attorneys fees+penalties.

Me and a buddy were just looking this up on Google and nothing significant or informative came up, has anyone on BP had any experience (or know someone who does) with wholesaling in different countries?