These loans not only cover the property purchase but also 100% of the renovation costs, allowing you to focus on the project without worrying about securing additional funding.Here’s how our loans work:Loan coverage: We can finance up to 90% of the property purchase price and 100% of the rehab costs.Max ARV (After Repair Value): Depending on your experience level, we offer up to 75% of the ARV, ensuring that your project has strong financial backing.First-time investor friendly: If this is your first fix-and-flip, don’t worry.

A strong local agent can tell you what the approximate value is easily and quickly. 

Personally there are some really strong suburb areas that I would much rather invest into than Phila - lots of it is due to better landlord policy, higher demand for rentals, less competition for rentals, less headache than dealing with Phila, higher quality tenants and less risky.

I would strongly suggest you see who is providing value in the tax forums and then reach out to them to see if they are accepting new clients.

Quote from @Simon Ashbaugh: Hey Anna, Cleveland actually has a strong Section 8 market with high demand from voucher holders.

Some sponsors are mitigating this risk by raising their own pref tranches from their own investor base, thereby giving them control over the terms.In a strong up market it’s likely that rent growth and strong demand will drive up income, thus driving up value, which supports the ability to take out the pref.  

And that there is a very strong incentive for the owner living there to actually be out in the two months. 

I think they also need to be located in desirable, urban areas with strong rental demand, which can make finding tenants easier.

Note that my tenants are carefully vetted and my lease is extremely strong; which allows me to not have to use a paid site.I also work as a property manager in NJ so if I can be of assistance to you please feel free to reach out.

You need a strong team of contractors, vendor partners, and a Realtor who truly understands the market, can spot great land deals, and sell homes quickly.