If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

Delavan has come a LONG way recently and prices are shooting though the roof both for rents and to purchase. 

Last year, I purchased a SFH under market at 7.65% interest rate and did some rehab to up the value.

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

Our plan is to purchase again with a better mindset of turning that into a profitable rental.We have diligently completed all the necessary steps and are on the verge of signing a management agreement with a property manager.However, we are experiencing some doubts.  1.

I am from the Chicago area and looking to purchase my first property in the next 3-6 months. 

@Aristotle KumpisWe do 10+ Flips/BRRRRs annually and fund with Hard Money and Private Money.Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.Of course, with private lenders, you must give up equity or a return on the debt.

Have you guys ever purchased a property without physically seeing it?

I have recently just purchased my 4th investment property all in my name and have accumulated a DTI of 45.9%.

I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area  for a medium rehab project.