When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

Are you a hands-on type that can make improvements to a home or prefer to contract out work?

I would like to get into the flipping game, buying a house in the market wherever she can get a contract in, and my full time job is to flip the house.

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.

If you're already in a secure financial position, leveraging your equity could be a smart strategy.

However, while I was still getting contractor bids for different projects, I found 3 different companies that are quick (based off of their contracts and guarantees) and have good quality of work (based off of previous and current investor feedback) but come at the cost of price.

But, this house went under contract in 3 days for $20k over ask, with multiple competing offers, in an area where the average days on the market for newly renovated flips is 100+ days! 

That 36% rent increase while keeping happy tenants shows how smart and intentional you are about building relationships, not just cash flow. 

Thanks Sarah, I don’t see much house hacking going on in Essex or Dundalk in terms of listings on Zillow or FB so my concern would be finding professional adult roommates that want to house share in that area. i’ve been following a lot of the midterm rental groups in Facebook and the consensus is that contracts have decreased significantly and hospitals are using more local labor pools.

This implies that rather than buy the cash flow, you are likely to do better putting that money in S&P or you can d far better using it to make a smart RE investment.- current f/f is around 6%.