It depends on what you're looking for, this past winter I was able to buy a foreclosed duplex and began renovations in the spring.

Ok so I’m not sure if “taking my first step” is the right title for this since I have a property I’m currently living in that is paid in full and in need of a ton of renovations.

Get a larger than normal deposit.....construction employees won’t take the same care as an individual typically......I know.

I don't have a ton of spare cash up front, and my initial plan was to utilize the FHA 3.5% down, along with the 203K loan to tack on the cost of any repairs and renovations that the property may need. 

This would quickly return most of my cash to me, which I need in order to complete a fairly extensive renovation prior to moving in.The problem I'm running into with my current lender is the timing. 

I'm wondering what kind of partnership agreement could work in the scenario where I find the deal and finance both the purchase and renovation and he manages the renovation.I think he may be more interested in a quick cash out and I'd like to buy and hold.

If it is too high to trade for a larger property go the other way for something lower than what you sold for even if you have to pay capital gain for the variance the capital gain tax is greatly reduced starting this year. 

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

I was a Personal Banker before that which gave me some good exposure to lending, primarily doing refinances and referring new purchases or larger deals to a mortgage partner.

Question for the group... if your contractor goes over budget during a fix and flip are you liable for those overages or is it on the contractor? For example I’m about 85% of the way through my first full fix and fli...