@Joe Farrance The only way to flip HUD homes is to purchase it first and then re sell it a few months later.

It can also make it more difficult to finance the property and to resell the property unless you are reselling it vacant.If you run the numbers on this one, your rent as a single family house is probably going to be more in the $1.5K-$2K/month range, so the numbers don't work that well.Plus, this is probably your best comp, so you aren't really buying it at a discount if you are all-in for around $275K.https://www.redfin.com/PA/Philadelphia/3811-Sharp-...

Homes that need to be rehabilitated for reselling purposes. 

Do other's always level a house before reselling? 

Some wholesalers buy short sales and at auctions, then assign or resell. 

well you say lender  .. so that infers he is going to make a real estate loan to you if that's the case super simple.. your in an attorney state simply go to a real estate closing firm.tell them the terms they will prepare the note and mortgage.. along with settlement statement when you have a deal to fund.. that's about it.. not very complicated ..the fella from WA who responded I think is talking more about JV type deals and set ups other than a simple one off loan on a particular property you intend to buy rehab and resell. which is what I am assuming is your goal.

Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

I own a free and clear home that I want to renovate and sell. If I get a HELOC or HEL, I believe I have to homestead the house before applying for the loan which means waiting until Jan 1st (I'm in Texas). I don't kno...

I own a free and clear home that I want to renovate and sell. If I get a HELOC or HEL, I believe I have to homestead the house before applying for the loan which means waiting until Jan 1st. I don't know that those ar...

My question is what happens when I am ready to resell the skid steer?