This lets you access your home’s value without touching your savings, and the rates are typically lower than what you'd get with a hard money loan.Many first-time flippers also turn to hard money lenders, who focus on the property’s value and the flip's potential rather than your personal credit.

You can offer to lower it if it goes back down.  

Generally, private lenders offer more flexibility and lower fees than hard money lenders.

Vegetation and Tree Removal are crucial especially for these lower end properties 

If you do enough BRRRs over time you'll see a few values come in lower than expected and a few come in higher than expected.

Hi Jonathan,Given your situation, a good approach would be to structure the deal with interest-only payments for the first five years, which will keep your monthly costs lower while you build equity.

The order requires the county to roll back 2023 assessments to either their current level or a 15% increase from the last assessment, whichever is lower.

To make this deal worthwhile, you’d need a lower purchase price, better financing, or higher ARV to secure a comfortable profit margin.If you need help structuring financing, let me know!

A refinance offers a 30 year fixed mortgage with a lower rate while a heloc for example offers a shorter term and a higher rate. 

I suppose one could make the argument that 12% of the Agents out there aren't dummies, but you're right, it's actually probably even lower than 5% lol.