I have a home equity loan out for ~$98,000 with the property being valued at ~ $215,000I realized there was a ton of equity sitting there so I decided to apply for a cash-out refinance...during my 30 minute phone application one of the questions that came up was "Will you be using the proceeds to purchase any real estate?"

On Monday, November 13, 2017, I decided to give the House Flipping Calculator a try.  

Iv'e read a few books and done hours of research and Iv'e decided that this is what I want to do to build my financial freedom. 

@Dee Sams at this point, this is not for you to decide whether you "should receive the commission back". 

If I decide to pull the trigger I will fly there for a week or so to analyze a bit more.

I think I am ok with this, as long as he gives me proper notice before he decides to terminate his stay so I can make the rental available on the VRBO calendarMy questions are:1) Is there any reason I shouldnt do this outside of VRBO?

The property is a SFH and we are trying to decide whether to flip or use BRRRR Strategy...my question for BRRRR is if it would be best to put the property in our name and do a cash out refi post-rehab to pay our lender back (her father), or potentially keep the property in the lender's name and purchase the property from him using a conventional loan after the rehab.

He said I needed to decide today since I had all the info I needed and others would be ready to sign up if I wasn't interested.

I would prefer flips and/or rentals, as this is the niche I have decided to follow at this time.

I like this choice because you can see who people recommended and ask people who they decided to go with and if they like working with their them.https://www.biggerpockets.com/forums/51/topics/401...https://www.biggerpockets.com/forums/51/topics/439...https://www.biggerpockets.com/forums/51/topics/255...2) Add the keyword alerts "Central NJ" and/or "Central New Jersey".