Unless you are getting a heck of a deal I would recommend avoiding a foundation issue property until you have a team of contractors that you can count on and can find out what the repairs would run. 

Thanks for your message, Matthew.I’m focusing on out-of-state investments in Alabama, where I already have a team of contractors.

Is there a form (TREC or otherwise) that you use to define your arrangement with the client so that you cannot be held responsible for any part of the contract or prior negotiations even though you are assisting with a portion of the transaction?

Also, wondering if folks lend with the ability to only pay interest on the "drawn" funds during each payment to contractors?

@David Weitzel great deal, and welcome to the forumns, I love the idea of doing a flip on my own street, seems easier to keep things under wraps but perhaps you still had contractor issues it sounds like?

Any investors, contractors, or real estate professionals working in NC?

@Michael Almand My contractor walks most properties with me.

Many investors/Contractors like yourself gain a ton from other members here.

Given that I’m currently unemployed, I’m leaning towards a fix-and-flip to generate some liquidity.Here’s my current situation:My first investment property (the duplex) was purchased using a HELOC from my mother’s primary residence (via Union Savings Bank), and the deed is currently in her name.I also secured a second HELOC against the investment property to cover contractor expenses.I'm considering transferring the property into a DSCR loan under an LLC, but I believe this would close out the second HELOC—can anyone confirm if that’s correct?

This keeps things safe and makes it easy for contractors to get in without you playing doorman all day.🔹 Step 2: Get Your PermitsNobody likes dealing with permits, but skipping them can mean big fines and major delays.