In this market, I would not finance a first time flipper at 75% profit split because the profits and success rate is lower than the last dozen years.  

Now taht real estate has gone back to the good ole days of not being an appreciation machine and a good investor needs sound fundamentals in managing and overseeing the properties - now you are given the wave of "creative finance" which comes off as its easy to get a home but it will be interesting to see how these people are fairing in a few years of mismanagement of these assets. 

And how are you financing your flips at this point?

Wealth is created much faster with financing (OPM).Continued success!

To thrive in real estate investing, you must maintain a firm grip on your finances.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

How did you finance this deal?

We have a decent plan working now, its just a matter of financing and scaling.

Hey Zach, If you are looking into DSCR loans to finance these properties, most lenders will require the following: 1.

I'm not sure about the SD market, but I'm in Sacramento, and focused more on creative and seller finance deals that cash flow.