I have been reading and researching strategies and business plans for beginners entering the real estate market and feel that I have a descent grasp on the basics.

Be mindful of the demand of your degree, but spend some time each day reading the materials you need to get a better grasp of the ins and outs of flipping and real estate investment in general.

Not sure if they're just grasping at straws.

@Maugno Mora I am coming at this from being a partner in 25 units and having a pretty good grasp on the general concept of taxes on the rental side (I dont do flips).

@Denise Evans It was clear and decisive that you had a full grasp of this and very detailed knowledge!

It was a quick conversation with the lender and I don't think I grasped the concept.So with delayed financing exception you would be allowed to recoup 75% of the purchase price + closing costs and 75% of the rehab? 

So once you’ve got a firm grasp of the basics start looking for a deal and running the numbers.

As such I created The Ultimate Guide to Grading Cleveland Neighborhoods so out of state investors can get a firm grasp on the Cleveland market.Knowing the pros and cons of each type of neighborhood is very important.

But since that wouldn't 'pay it off' in full, he couldn't quite grasp.   

Consider handing him a book like "Set For Life" from the BP bookstore to ensure he has a strong grasp on the value of remaining debt-free.