You’ll pick it up in no time.

@Mario Morales - As some others have said I think the strategy is sound, but the key would be to find a distressed property that you can drive up the value with renovations so that the new value is 25% higher than the purchase price so you pay back your HELOC.

Another trick from investers I’ve worked with is chatting up folks at local meetups who’ve recently navigated the same municipality.. they’re often happy to share how fast or slow things move.

I believe depreciation on that unit that you were living in starts at that point as well.just bringing this up because it was mentioned in another post where someone was house hacking.

Longer story short, I have a nicer rental that I picked up in the Dallas area.

The truth is, fix-and-flip investing is an incredibly rewarding endeavor, but fully lined up with pitfalls that can easily turn your dream deal into a financial disaster.So, let's break it down:The Good: Why Fix and Flip Can be a GoldmineHigh Profit Potential: If done correctly, flipping can yield 20-50% returns-or more-in a few months.

While I don't personally cover the Scranton area, my team and I work extensively with investors in the Philly suburbs, and I’m always up for a great real estate conversation.

I find that it produces better returns and work great to trade up and accelerate wealth building. 

To get a rough ballpark, sure, but sometimes you'll be way, way off like we've seen with the iBuyers who it turns out were too smart for their own good and ended up buying high and selling low due to to relying on data and not actual organic, boots on the ground experience pulling accurate comps like an appraiser or realtor who knows the market on not just a block by block or street by street but a house by house level.

Hi EverybodyLooking to connect with investors, buyers, sellers, flippers and others in the Biz.Link Up Ty