It was previously a rooming/boarding home for men on fixed incomes.

The loans are fixed rate programs, and the additional renovation financing is included into the one loan.

you either want something in good condition where you can buy and not have to fix much, or something distressed.

Second - a DSCR 30 year fixed perm loan to refi the hard money loan and hold onto long term.What others have replied to is completely accurate - it is hard to accomplish BRRRRs right now due to the DSCR refi constraints (interest rates, LTVs and seasoning periods), however, not impossible.

As mentioned seller credits are the best path as title insurance and taxes are pretty much fixed.

Investment Info:Single-family residence fix & flip investment.

Purchase price: $25,500 Cash invested: $10,000 Sale price: $69,900Quick Fix & Flip.Property was completely deserted & the family was indecisive about their plans for the home after a recent passing.

They often offer coaching programs that can guide you through the fix-and-flip process, including how to properly assess properties during walkthroughs.

I would expect however to have bug fixes and maintenance for the system.

Traditional lender financing with 30-year fixed loan and 25% downpayment.