They say you are investing in land, but because you are paying $15k for maybe $1,500 in land, you are really investing in the business.If the business fails, you will probably not be able to sell the land -- it's an incredibly small piece of land that is too small to be individually farmed (and therefore tough to individually sell).Vet the business - that's what you are investing in.  

I would recommend BackFlip, but you do pay a little more on fees. 

The flipper folks always like to say "you make your money when you buy," meaning that the lowest possible and highest value entry price point is one of the most important things.So let's visualize a single story office building.

I even heard of a landlord being sued and losing and having to back pay all the rent payments. 

You can stack those up and pay the debt down 

You will pay about 30% in W-2 wages and the remainder as ordinary income. 

They have some of the most extensive fees because this way they can charge you fees but low points.You can expect to pay about 1,500 in closing cost fees: Legal, processing, underwriting.To get in a good loan, you would need some experience in real estate flipping/holding preferably in Houston and be 100k liquid and have credit 700+.You fill those three needs and I can help you for sure.

While I’m happy to share lots of information with folks it’s very rare that I will give out information like my primary contractor’s name or the names of any of his subs because I keep them busy full time and am not willing to lose my own time with them to someone else.

Hi Folks! 

Plan is, ill pay Heloc in a year from what I save monthly.