With 40% of homes still selling above asking price, waiting for a “better deal” often means missing out entirely.Financing is also a common issue.

.   -- is this the right time to have cash ready for deals ?                      

After you get that first one, I would start looking for BRRRR strategy, and if you have time to market direct to seller you can try to negociate seller financing and sub to deals. 

The have interviews, tips, and tricks to getting started.

can you layout your typical transaction with these folks its unclear from your post how these were set up.. are you a borrower and they are the first position lender on flip deals ???

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.

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

@Bridget HustonWelcome to the community and be ready for a huge amount of information at your finger tips.

I work extensively funding deals for flippers in KC  Toledo  Cleveland Baltimore city and a few other markets in mid west..

Not a bad idea but if the deal goes bad just remember you are taking money from your primary residence.