We closed on our first property on November 15 and plan to employ the fix-and-flip strategy. 

Afterwards set up a payment plan with her with a balloon payment in 3 to 5 years.

I know nothing is guaranteed, especially with the way real estate is today but I was only asking this question to see if my plan sounded good and if reaching out to that many people did in fact give me a really good chance at finding a deal.

I am looking for recommendations for best financing options.The owner is considering financing it, but until they agree, I am planning as if they will not do so.The local credit union I use, who is very investor friendly, is unable to lend on properties larger than 4 units right now. 

and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key. 

Crickets...At this rate, it will be 2+ years before the project is finished.Anytime you ask for a project plan or schedule you will get vague responses with no actual plan.

Even if you plan to self-manage, having a solid property management contact early on is always a good move.

We are still evaluating our plans for the future of mobile apps, kindly stick to the mobile website : https://www.biggerpockets.com/

I am planning on purchasing a $350k property with DSCR loan.

Then, if you’ll indulge me, I’d love to pitch an alternative idea that might align with your goals—especially since you’re 3+ hours away and planning to use a management company.The Good: Renting to college students can be a goldmine for cash flow.