We have two rentals rent by room and a househack duplex.

For example if you think the house is worth 200K fixed up you need to pay 100K to afford the hard money loan and rehab budget and still have a profit.

Even if you rent the house for $2,000 a month, you will still lose because of maintenance, vacancies, and the expensive mistakes common with newer investors.You can borrow up to 70% of the equity.

I happen to be looking for gap funders myself for a number of my house flip projects in Houston, TX and finding gap funders or any kind of private money involves a lot of networking and putting myself out there to meet potential lenders.

Over the years every single time I went over his house to hang out we would talk about money, investing and the future we were building.

Miraculously, I didn’t lose my shirt, but I broke even on one house and, due to other circumstances, had to walk away from another.

We had a call set up for a Monday in December and by Friday we found the house we wanted to purchase through them. 

The house we just bought is in cabarrus county and currently 1300 sqft with a 200 sqft breezeway.

But they were selling an expensive house in California and had horrible credit.

It says she doesn't need the remainderman's signature to do anything to the house.