Hard money loans will almost certainly not cover 100% of the property’s purchase price and will require a chunky amount down (eg 20-30%) from you.

Currently under contract for $552,000 with a conventional loan.

Go to your town clerk, and look up all the information on the loans on the owner and the property.  

I am already have a good lender that has pre-approved me with a DSCR loan so all I need is to find the right market to invest in!

I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi.

I would search for a property that has a low interest rate Fha or VA loan.

Our total invested into this property is 1.14 million among 10 investors (this amount does include a 250k seller carry loan to be paid off by the 2 of the investors over 5 years).This property was up and running starting December 15 and we have had it pretty booked since then.  

I am using a conventional FHA loan to acquire the property.

Consider starting with a few lower-cost flips with a smaller loan-to-value ratio to reduce financial strain.Market Research: Sacramento can be volatile, so I’d recommend keeping a pulse on local trends—particularly in the neighborhoods that have potential for growth but haven’t quite hit their peak yet.