You need to put all the numbers to paper.

How ever mom ever viligeant took notice of an article in the paper saying flipping homes are not the way to go anymore.

I have always had to put 20% down or cross collateralize to get at least 20% on paper.

I was the one who first posted.Update time:We finally JUST got served foreclosure papers on our Ocala FL new home we built to flip.We owed 203,000 and had it listed with a realtor.

I could name two or three relatively large deals that haven't hit the papers yet that support my point.

Also,If you go beyond a certain number of PL's on a yearly basis you would need to fill out paper work with your state as well.

And to be honest for some reason these people tended to be real jerks.for example, I called the last number I found int he paper today and it went like this:Hi my name is Brandon and I saw your ad in the paper.

Would you prefer I want to buy a house in a crummy neighborhood just because I could get it cheaper and on paper it cash flowed for more?

We know everyone in our building (there are 4 units) and the only one who would complain is a neighbor who hasn't subscribed to a daily paper and is used to stealing someone else's.

You wouldn't get that moment with an empty house and it doesn't seem like it would be worth all the paper pushing and haggling with the local furniture stores.