n/a

So, flipping houses or buy n hold SFRs might be a good local pursuit while leaving the experts in other markets and niches (like self storage, apartments) for my out of state investing.

Thank you @Gloria N Gear & @Kerry Noble Jr !

There are also houses that have potential to be flipped in both locationsPurpose of financing: Construction of our own home, Construction of rentals, purchase of our own homes and purchase of rentalsType of financing sought: More than likely Construction loans for home and rentals, Conventional Loan for purchases, but I am open to suggestions of anything that might work betterCurrent or prior ownership of real estate: I have not owned any real estate, only built and soldOccupancy: investment with traditional long term leasesValue of property at present and/or your offer price: Our home we build estimated appraisal $225,900, estimated appraisal of rental in Bella Vista, AR: $170k-175k, Estimated appraisal value in Vinita, OK: $145k-150kAnticipated or actual appraisal issues: noFair market rents per month: Bella Vista, AR: $1200-1500 , VInita, OK: $700-$1200Down payment or equity: Anything I build, I project to have 18%-20% equity at completion of constructionSource of down payment funds, if applicable: Possibly HELOC after we complete construction of our houseIncome Source: Salaried in Data Cabling Industry, 2 yearsGross monthly income (optional): $7,000Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $700 debt, $850 rentFICO:  Good-ExcellentCredit issues: N/AQuestions: If I go to a bank to get a construction loan to build my own house to live in, would I still have the borrowing capacity to get another construction loan to build, at minimum, one small rental to purchase with intent to rent out?

S8 is a consideration but I n Ed to do further research on that

There are also houses that have potential to be flipped in both locationsPurpose of financing: Construction of our own home, Construction of rentals, purchase of our own homes and purchase of rentalsType of financing sought: More than likely Construction loans for home and rentals, Conventional Loan for purchases, but I am open to suggestions of anything that might work betterCurrent or prior ownership of real estate: I have not owned any real estate, only built and soldOccupancy: investment with traditional long term leasesValue of property at present and/or your offer price: Our home we build estimated appraisal $225,900, estimated appraisal of rental in Bella Vista, AR: $170k-175k, Estimated appraisal value in Vinita, OK: $145k-150kAnticipated or actual appraisal issues: noFair market rents per month: Bella Vista, AR: $1200-1500 , VInita, OK: $700-$1200Down payment or equity: Anything I build, I project to have 18%-20% equity at completion of constructionSource of down payment funds, if applicable: Possibly HELOC after we complete construction of our houseIncome Source: Salaried in Data Cabling Industry, 2 yearsGross monthly income (optional): $7,000Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $700 debt, $850 rentFICO: Good-ExcellentCredit issues: N/AQuestions: If I go to a bank to get a construction loan to build my own house to live in, would I still have the borrowing capacity to get another construction loan to build, at minimum, one small rental to purchase with intent to rent out?

There are also houses that have potential to be flipped in both locationsPurpose of financing: Construction of our own home, Construction of rentals, purchase of our own homes and purchase of rentalsType of financing sought: More than likely Construction loans for home and rentals, Conventional Loan for purchases, but I am open to suggestions of anything that might work betterCurrent or prior ownership of real estate: I have not owned any real estate, only built and soldOccupancy: investment with traditional long term leasesValue of property at present and/or your offer price: Our home we build estimated appraisal $225,900, estimated appraisal of rental in Bella Vista, AR: $170k-175k, Estimated appraisal value in Vinita, OK: $145k-150kAnticipated or actual appraisal issues: noFair market rents per month: Bella Vista, AR: $1200-1500 , VInita, OK: $700-$1200Down payment or equity: Anything I build, I project to have 18%-20% equity at completion of constructionSource of down payment funds, if applicable: Possibly HELOC after we complete construction of our houseIncome Source: Salaried in Data Cabling Industry, 2 yearsGross monthly income (optional): $7,000Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $700 debt, $850 rentFICO: Good-ExcellentCredit issues: N/AQuestions: If I go to a bank to get a construction loan to build my own house to live in, would I still have the borrowing capacity to get another construction loan to build, at minimum, one small rental to purchase with intent to rent out?

I don’t like feeling behind the 8 ball if I find a good deal for a fix n flip.

Originally posted by @Kelly N.

@Jonathan Pflueger,The company is R e n t  to  R e t i r e m e n t .com.