I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?

For example we helped a client acquire a $1.5M oceanfront home that is pushing $180-200K per year and a $875k home (with no water feature) generating $125k gross revenue annually

I'm happy to share my experience as both a flipper and a lender.

- Anthony Get connected with the CTREIA community, as well as other local meet up hosts @Brandon Rush, @Stephanie Cabral, and a great PM to know in state is @Samuel Eddinger

If it is a fannie/freddie loan, it does require 2 years of seasoning and a new appraisal.

@Ilir Livadhi I think you are referring to property wholessalers telling you how much the rehab will be - and as you see, their numbers are often not based on reality.

Congrats on finding a property and a willing seller!

Great way to build a business and a rolodex of listings/sellers.

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one. 

Simplify the structure as much as possible, have clear roles and responsibilities that are not overlapping (meaning only one person is allowed to make certain decisions) and a clearly defined exit plan.