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4 February 2025 | 1 reply
I personally like the town of Oakhurst and the restrictions are less rigorous than Mariposa. 2.)
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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10 February 2025 | 9 replies
Sometimes you will have that next person/family lined up and ready to go, but sometimes it takes much longer and you need do renovations or at least some repairs.
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10 February 2025 | 8 replies
The person in the response above who got crushed by a $5000 repair never did have $100-200/mo. cashflow.
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22 January 2025 | 6 replies
@Antoine Black In general, yes, it goes off your personal credit.
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10 February 2025 | 7 replies
Personally, I would pay off the higher rate first.
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1 February 2025 | 15 replies
The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.
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31 January 2025 | 22 replies
I personally haven't done this but I have helped clients do it in the past.Hit me up if you're interested!
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6 February 2025 | 6 replies
Quote from @Jaycee Greene: Hey Jaycee, we currently lend on several loan types: Fix & Flip up to 90% LTP, BRRRR, New Construction, Bridge Loans, & Multi-Family.For myself personally, I'm looking in the Orlando, Philadelphia, and Southern NJ markets, 1-4 units.
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24 January 2025 | 7 replies
I do have an agent I know personally but she's only in the area at certain times of the year.Section 8 would be better than nothing.