I currently don't show income and just left my other place of employment. I am self employed but want to build a spec home using the equity in my house as collateral. I currently have about 420k in equity. Are there o...

While you are at it, put the next person on MTM to create some equity in the contract when you have problem in the future.

For us that's 15% off the top line 

If you're willing to move to Philly, I'm sure you can find similar success with even less $ out-of-pocket.All the best to you on your journey!

You can work with a local credit union that does HELOCs, Home Equity Lines of Credit or Loans, on investment property.

If I ever got foreclosed on, my lender would make a bunch of money finishing the house.

Congrats on the first deal!

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

This will cost you money on the back end.

If she's renting the lot, shouldn't the owner of the lot be responsible for seer line repairs?