One great thing about fix and flip loans is that there is no early payoff penalty, so the original lender's commission is not at risk!

In the Bigger Pockets free book, "Real Estate Rewind", as one of the 11 co-authors I wrote about one such Tax Sale purchase and made money but not enough money to warrant the risk involved.

I’m really interested in learning more about your experience.I’m curious about the potential downsides and challenges you’ve encountered with this system, especially when it comes to picking neighborhoods.

Explore Potential Funding OptionsPrivate Money Lenders (PMLs): Reach out to private individuals looking to invest in real estate.

Since this is my first project, I’m very open to any advice or suggestions—especially regarding potential obstacles I might not have considered.

I’m reaching out with an investment opportunity in a real estate flip project, and I’m currently seeking a limited partner to join me.With a strong track record of successful real estate investments, I am looking to partner with someone who shares an interest in capitalizing on the potential of this market.

Have you started thinking about your strategy or exploring potential markets?

It is something I am interested in doing in the future, potentially even this year, but I am curious how to put concrete numbers to this decision.  

If you're talking about single family homes/ duplexes etc. the neighborhood it's in will generally give you the risk profile.Hope this helps.

I avoid cash as it is a safety risk to have large amounts on hand.