Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 Purchased off-market from a tired landlord, this fix-and-flip involved renovating a distressed property with outdated features and deferred maintenance.

In this case, since they are borrowing their payments, these would get added to the principal balance each month, and interest would be calculated on that.If, for example, the interest rate on the note were 10%, they would implicitly be borrowing their payments at that rate.

@Lulu LueHUD has 2 online databases of lenders showing which ones have the most experience with 203k's. 

Now I found one that specializes in real estate investors that was recommended by an online mentor.

I’m mainly focused on the ATL/GA region but am open to exploring other cities too.A little about why I'm here: I’m an engineer by day and a real estate enthusiast by night.

Quote from @Jeffrey Bourque: ARV $350,000 - $400,000 3bd 1 bath 800sqft estimate rehab $70,000 purchase price $200,000What are your thoughts and should I do it? 

I left the meeting on FIRE to start implementing. 

Purchase price: $615,000 Cash invested: $630,000 Sale price: $1,500,000 New Construction

Plan is to purchase a couple homes over the next year.

I was able to figure out that they had come upon some hard times and were significantly low on cash.