To make sure the investment satisfies your financial objectives, establish your target profit margin.Decide how much money is needed overall for the transaction.

The first lien is hard money.  

Save some money and ask a law student in a university to review.

Pro tip: Even though you can put no money down, you should be offering money down when you offer (even if it is returned at closing) so you have skin in the game.

Fortunately, the claim was over $1M so there was enough money to pay for the roof even if it was not explicitly covered. 

Hard money lender How did you add value to the deal?

., (I don't know the philidelphia sub market, this might not be a deal) $125,000 Purchase, $75,000 rehab, if you can get an appraisal for $300,000, you can get all your money out, and probably cash flow $500+ per month.If I started investing again, I would have started with getting my real estate license.Happy Hunting!

We've lost money on flips which can hurt your pride a bit, but we took those lessons learned and improved every part of our process.

Hey Steven, There are many scammy hard money loan companies as this side of the industry is unregulated.

I have experience in construction and rehab projects so would plan on doing a lot of my own work and subcontracting out the rest to save money vs the alternative of hiring a contractor to do the whole project.