.  :-)  Thanks for the explanations.

Welcome to BiggerpocketsYouve come to the right place for help.there numerous threads and podcasts on getting started.Many start with savings for down payments

This explanation helps me feel a lot better about the 20% down payment since I won't have to pay PMI.

Listen to the whole podcast to get the best explanation but long story short it could be a very useful tool in lead generation!

Thank You Shawn I appreciate the explanation

Christopher Winkler , thank you for the explanations.

There are numerous risks that those flipping houses face, that buy and holders do not, most obviously market risk (cycles) and time/delay pressure, but also people management (contractors) etc.

They have made me write a lot of explanation letters.

@Charity Woods Thank you for that explanation...playing with that idea myself.

I am a HUD listing agent and had bought numerous HUD homes prior to becoming a HUD listing agent.