I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.

Account Closed Unfortunately you are correct, you are still responsible for all the costs of the property. 

Hi @Asif Ali Kabiruddin Rajani,What we hear a lot from other Americans is that real estate opportunities tend to cost less here in Europe (especially in countries such as Spain where we are active).A thing to keep in mind though is your tax planning as you will still need to pay taxes based on the US guidelines if I'm not mistaken. 

What if your loan has higher costs than you were thinking? 

Are their flipper secrets to getting materials at a lower cost?

It is not really true because to get the same rate it will cost much more in upfront costs in either origination or discount fees, AND much higher back end fees in pre-payment penalties.

I attempted offers to BRRRR in Indianapolis - huge stressors, renovation costs more than projected and ARVs not high enough (got out of those contracts).

And an infestation of German roaches that made the pest guy jump (he said).After everything was said and done, we incurred 4 times the cost as I was told/ estimated. 

That's 56k, plus closing costs maybe 63k. 

But you also want to make sure you have enough left over to make sure you have some holding costs should things not go as planned.