We told her we’d be bringing plumbers by this morning.

red flags are this.1. too quick to approve you when you have little to no expreince2. they don't ask you for detailed financial information from you.3. rates lower than you see from bigger legit lenders ( too good to be true)4. money up front and just like what happened to you.. need this fee .. oh and now I need that fee and of course you will get funding tomorrow if you pay this fee.. this is all a scam plain and simple. find reputable HML in your market go meet them.. if you have no experience it can be tougher.. if your credit is less than 640 can be tough.. if you have no cash for a down payment.. pretty much impossible..

I would ABSOLUTELY make sure the contractor is licensed, insured and has a good reputation.

Hello Everyone,I'm a General Contractor who has developed a great reputation in my area for 11 years now and I started flipping homes about 2 years ago. 

Originally posted by @Steve Cohen:@Branden Sewell bring an investor that's willing to partner up with you and they'll put up the cash and then you get the financing and then you do the deal with them and split the profitsI don't want to bring scepticism to this thread but I've never understood why an investor in his right mind would do this; this could eventually make sense if the active partner is extremely experienced and reputable with a long proven track record of successful deals but why would you put your hard earned money at risk partnering with a newbie for only 50% of earnings? 

I would caution you on anything Morris.. they are far from reputable from what we have seen on BP just look at some of the threads on what they did to investors in Indy.. is sad  and left many many folks in very bad financial shape and then to top it off took no responsibility at all and try to blame others.. not to mention their idea of investing in low values assets is completely the opposite of how those assets work.. they are just not credible at any level in my mind and personal opinion.. and maybe I am not either but that's my view point

The plumber is going to charge by the hour not by how nice your house is.7.

If it's not right and needs to be called out, don't be shocked if people need to see the plumber's license if it's a plumbing thing, and so on, which can add to costs. 

@Cody Jensen I just attended a session with Michelle Brady of Equity Trust at my local REIA meetup, and her company seemed reputable and a go-to resource for those interested in using self-directed IRAs to fund their real estate investing.

@Caleb Heimsothwe fixed through snaking with a plumber temporarily. its been two months and no backflow. but i will need to replace the pipe from house to main sewer. i have a tenant in cordova leave after one year and left the house dirty and cosmetic rehab needed the joys of being an OOS landlord lol.