Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.You need to build a strong and trustworthy team on the ground.People nowadays quit the second something gets hard.

Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.You need to build a strong and trustworthy team on the ground.People nowadays quit the second something gets hard.

You might be better off financing this with a short term fix and flip loan.

Negotiations were conducted efficiently, securing the property for $100,000 with favorable terms.

This is easier to achieve for short term rentals, and a bit tougher for long term rentals - but I've been getting close for LTRs as of late (closer to 7-8% for LTRs).

Primarily when downsizing they question your occupancy intent (Claiming primary residence on a fixer upper for favorable LTV terms, with intent to convert to an investment in the short term) but everything can be worked out with proper documentation.

We used traditional residential financing and are prohibited by the terms of our mortgage from moving the properties into an LLC.

I understand Craigslist is one of them, but could you specify what terms or categories you search for to find these opportunities?

.- Contract Details and Terms: Carefully review the sales contract, including all terms and conditions.

These homeowners also are attempting to cash flow their home over pretty rough mortgage terms.