Chances are you have someone with honor transparency and integrity on your hands and that is very rare.If the answer is no... well, if he lied to the homeowner, why would you think he would not lie to you?

In Texas we can go inactive, so no Broker, no selling, no MLS access,  but you still have to keep up your education CE hours and such. 

3. what type of deposit / reserves can you provide in case the monthly rents you receive do not cover the rent you pay me?

Many real estate investors opt for a fix-and-flip loan because they’re relatively easy to obtain: no personal income verification (no DTI requirements), and you can often borrow up to 90% of the purchase price and 100% of the rehab costs.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

No one cares about your properties like you do.

Ideally, no more than 5% over median and no lower than 15% under median.

My parameters were that I did not want to add more than 2-3 employees, I did not want to give up control over the u;to are yes - no investment decision, and I didn’t want my position to become a full time job.  

Plus no matter what I did I couldn’t get my credit score above the high 600 range.  

However those with no to very limited experience will never get a fix and flip loan  from a bank. 4.