You are WAY better off saving up and using cash for the rehab than trying to pay down your princlple and using a HELOC.

Welcome to the group! 

This would be our first flip together, splitting cost and profit 50/50 with a hard money loan for what we cannot make up on our own.

If there is "still contamination" at any level, I would be concerned about that and pass on the deal no matter what.

Does anyone have or know where to find a reliable basic purchase agreement when the price has been established?

You are 20 years old and don't even know what it's like to work the same job for five years.

2- he said that he will be owed commission if any buyers he brought us during the listing period ends up buying my house.

*This post does not create a CPA-client relationship.

It wasn’t just about the property—it was about the lessons she was teaching her kids along the way.During the drive, she shared valuable insights with them:• How real estate can generate income.• Why patience and hard work are critical to success.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

It was our primary a few years ago and we decided to sell so we could escape the capital gains tax.