Looking to purchase a house seller finance for $160,000 @ 7.5% interest rate, 18% down.  Monthly payment comes to $917,  plus another $350 for taxes and insurance so ~$1280/month due to the seller.Using a private mone...

There seems to be a misperception about my post, I only posted those two deals to show what we’ve been seeing (low purchase prices that we KNOW we can fix as WE are doing the work).

If you are doing fix and flips etc. and have an active business then yes, but owning rentals rarely gets you a business line of credit.

We've been in communication about getting everything repaired until they found out the contractor said it would take approximately 4 to 6 weeks to fix the spots of drywall that have been removed and to repaint, etc, and now their responses to my texts are less and less.

You can just take out a mortgage on it now or take that closing cost money and fix it up.

Where I see the builder incentives and builders hurting is in starter housing or housing for rentals that investors are buying.. everything there is interest rate driven.. with land costs fixed and building cost not coming down , interest rates rising this hurts builders who are building product for those that MUST have financing to buy and are barely able to qualify IE starters..

You have about $280,000 in equity in your home and you want to put it to work doing a fix and flip this year and continue that model.

Hi there, I'm considering starting my fix and flip business with a first property in Tampa.

Investment Info:Townhouse fix & flip investment in Aurora.

Any recommendation on hot spot location to search for properties for fix and flips??