Also, what’s been your biggest challenge when it comes to securing the funds you need?

It sounds like it's not in a very desirable area, based on the price and rents.

Basically scale in paper and challenge it with your personal time, resources, desires, finance, insurance, PM, etc.

A lot of loans require that you already own the land outright before they will provide funding but there are tons of different options.Once you have the funding piece figured out, I would discuss with a builder and try to price it out.

I just funded one i Iowa  will see how it goes..

To me this means a 2-3 bd single family home in a high B / A area and saving a big emergency fund.

I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.

I have been kicked out of several for asking if you have to be a 40k student first to get their so  called funding (free money for your deals) first.

Main questions should ask about the seller's:- Reasons/Motivations for wanting to sell- Desired timeline to close- Plan's after selling (relocation, reinvesting proceeds, 1031 exchange, etc)- Back-up plan in case they are unable to sell within the desired timeline- Reasons for not already selling to/with a investor or RealtorAdditional questions will depend on the type of seller lead i.e. pre-foreclosure, probate, fsbo, absentee owner, etc.Here is an example of a youtube search you can use to begin finding call recordings.There are 1,000s and you'll find that the best/most effective ones don't even sound like sales calls.

Hi Wendy, For first time flippers you should be looking at about 75% of purchase + 100% of rehab funds.