The strategy involves using the HELOC for a flip to generate fast cash, reinvesting profits into long-term rentals, or exploring alternative ventures like short-term rentals or partnerships.

Purchase price: $182,000 Cash invested: $46,000 This house was listed on MLS.

This is not accurate.

A basic breakdown is this: If you're in Flood Zone AE-9, it means the Base Flood Elevation for that home is determined to be 9 feet.

Why does this seem too good to be true? 

This is an opportunity zone area.Is this a good place to buy investment properties? 

The investors in the secondary market have a very good grip on the prepayment risk associated with a drop in mortgage rates and use pricing or yield to offset this, which is why you so often hear of borrowers paying points and lender fees.

What made you interested in investing in this type of deal?

If any of this sounds scary or not worth I would reconsider wholesaling.

So we often have to remediate this and touch paint.