This means youll need to be licensed, work under a broker, and be fully operational as an agent, even if you dont close any deals. 

Or a $1 Ribeye steak at Albertsons, then you tip the cashier.

We are Canadian in invest in the US.We work in the Detroit market where we have a great team on the ground and are finding exceptional deals.

I think mine cost 1800 for a 400,000 LOC, but I'm a noob and may have got a bad deal.

Hey Tim,Sounds like your lender is underwriting this as a multifamily deal instead of two separate single-family townhomes, which is probably why they’re pushing for duplex comps.

Hope this helps, and good luck with your next deal!

If you're willing to travel and hour and a half and be hands on then you'll most likely accrue more equity in your deal when you have a successful renovation but you're trading your time.

@Andrew Self lack of two years of employment history is not a deal breaker depending on what you were doing prior to starting your salary job.

When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!. 

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.