Hey Wilson,I don’t intend on purchasing an on market property for fix and flip although I have seen a few that make sense.

Fix and flips?

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

30-year fixed DSCR Nice! 

He genuinely seemed apologetic and wanted to fix this issue going forward. 

I'd like to share some insights about the process of finding and securing funding for investment properties especially for fix and flip deals.

Unfortunately, North Jersey is probably one of the hardest BRRRR markets in the country right now because of extremely low inventory, high demand, and pushed up prices because single-family home buyers are buying the properties that we all used to buy to fix up because they are desperate.You can BRRRR, carefully, into many parts of Pennsylvania though but remember that interest rates right now make it very hard to BRRRR.

You will want to make sure to match the prepayment penalty with the purchase option if you don't want to have to pay that.More info on DSCR loans:DSCR loans won't use your income to underwrite the loan.

I feel for these older folks on fixed incomes where large increases back to back are painful.

Typically most lenders will require a minimum loan amount of $100k and a minimum AS IS value of $100k for a fix and flip loan.