When flipping, the most important thing is understanding the available loan programs for potential buyers.

So if the house is worth 300k and you owe 200k then most you could pull out would be 40k (minus costs) and it would be a second mortgage most likely which would be expensive. 7.5-9.5% likely.But, you can put as little as 15% down for a conventional loan on a single family.

But the props were in your name and they had a loan against it and then when it was done they bought it from you and you made a profit ??? 

This is not even close to the documents required for a properly drafted loan.

The process of buying, getting a loan and settling to closing was extremely smooth.

I have multiple lenders that can do 100% financing for the short-term rehab loan, up to 70% ARV for 1-4 unit properties.

Neighborhoods in areas like Homewood and Hoover have been experiencing strong appreciation, and the rental market continues to be strong, especially with the growing number of young professionals and college students in the area.As a loan officer, I’m here to help you navigate the financing process, whether you’re looking for your first investment property or expanding your portfolio.

Meaning we sell the home for $2.5 million (maximizing the $500k we can grow w/o tax penalty, leaving ~$1.2 million for my new home/property after fees and loan repayment), and the remainder of the profit (~$750k) will need to be 1031 exchanged. 

For example, you could use hard money to purchase and rehab a distressed property and if your total owed on the hard money loan is still below 75-80% of the ARV of the property you potentially could purchase for no or little money down.

A few things to note-Loan payoff isn't part of the calculation of what taxable gain will be.