Financing like this can be possible provided your credit is stellar and the cash inflow of the property can cover the debt payments.

That's not fair to the agent(s) and other parties involved, and could end up giving me a less than stellar reputation as an investor.

The large banks aren’t making commercial loans unless the property and borrower are stellar.

If you and the contractor don't 'click', no matter what their cost or how stellar their references, working with the contractor will feel like pulling teeth (unless all the references specifically state "great work product, but terrible to work with").My company will win contracts, not because we are the cheapest, but because we are able to work with clients on a human level.

I also have a 25+ year stellar reputation in construction in our area.Mostly I wanted to throw this out there to just let others know that it IS possible, BUT also VERY dependent on those long term relationships and having great finances even if not available for the project at hand.Dan DIetz

I think it will be more of a fix and rent as there will only be about $10-15k in equity after repairs but the going rent in the area for the purchase price is pretty stellar.

You may want to try some "driving for dollars" style marketing to get some sellers for flips in the area.If you find yourself in the need for architectural help on your future flips, please feel free to contact me.Have a stellar week,Ryan

That total DTI ratio can go to about 40%, maybe 45% with stellar credit or other mitigating factors.This deal looks fair at best.

He upgrades the properties but he's always all in at a stellar price to rent ratio.

Hello Allison, Welcome to the board...And good luck with your debut.