I’m new to house flipping but have extensive experience as the owner of a successful property damage restoration company.

In one instance I was told that the seller was expecting 92 to 94% of UPB, which was in that scenario equivalent to a 85% LTV, and I thought this was too high for the amount of risk and unknown involved.I would love to be buying these around 50 to 60% LTV but don t know if that s realistic currently?

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Like aircraft checklists and vehicle operators manuals (the -10s), one can benefit from extensive research, trial and error, and deliberate improvement principles gained by the many that have gone the path before. 

For instance, I've reached out to cost segregation companies in San Diego that will base land vs building value on whatever split the tax assessors report shows which many times can be around a 50/50 split. 

Quote from @Erik Estrada: Quote from @Jay Hinrichs: Quote from @Erik Estrada: Biased here since I am a broker, But, there have been several instances where a borrower has provided me an LE from a credit union or bank and the rate/fees were significantly higher than what we could offer for that same scenario. 

I don’t tend to do much plumbing drawings, especially when it get complex or extensive. 

For instance, at one point when I was working as a senior accountant in a property management firm, I was training a guy who was a CPA for 30+ years even though I was hired 2 months before him.I worked only in real estate accounting and financing and became CFO.

It was the most extensive list (92 companies) I could find.

Instead of saddling them with a $5M commercial property (for instance), you can turn that into 166k shares and divide them amongst your kids (who are in line to get a full step-up in basis when you pass away).Gotchas: The UPREIT is sometimes an option, and sometimes a mandate.