The cash flow is there, however you'll need 75% LTV in order to cover the existing loan and HELOC balance so won't be putting any cash back in your pocket.

I believe if I get the upstairs unit (3 bed, 2 bath) ready, I should get around $2700 per month for it plus they would cover utilities.

Hello Everyone,I bought a home back in January 2024 using my FHA loan and I received a call from Atlantic Capital Funding saying that I could FHA streamline (interest reduction) from my 6.625% to 5.7% and could even get two mortgage payments covered, (allegedly).

Cracked/missing electrical switch plates and receptacle covers 4.

Hello Everyone,I bought a home back in January 2024 using my FHA loan and I received a call from Atlantic Capital Funding saying that I could FHA streamline (interest reduction) from my 6.625% to 5.7% and could even get two mortgage payments covered, (allegedly).

Any property unsold would affect the amount of proceeds you would have to reinvest with and cover less of the replacement expenses. 

I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.

We did Airbnb on the five acre property before it was a Jiu-Jitsu center and it did well enough to cover the mortgage and utilities on our property.

And you'd also need where to invest because, even if you take a "homogenous" market like the Costa del Sol, most agents will only cover their little city.

Also, look at how much your current primary could rent for, and ensure the rent will cover your new monthly payment. 3.