As an investor, I take care with my flips to have all the majors covered (foundation/roof/mechanicals).

There were major/minor repairs that has taken place in the 3yrs (A/C unit was converted to central heat & air had to be rebuilt twice) among other things.

He has recently passed, but he introduced me to many of the major players in town before I left Lex.

My concern has been how to execute from little or no money to begin fixing/flipping a house and how to re-use the profit towards repeating the process or engage with a different real estate venture.I am looking forward in learning more from you all.

Echoing what @Major Robertson and @David C. have stated, you get what you pay for and there are a lot of "scams" (better yet, "under-qualified people, over-promising results").

Hi Marie,Majority of the bank do not lend on investment property, so you would more likely would have to do a cash out refi on your current place.

We're open to everything, that said.There are no cap rates on SFR's or small multiplex's and it is not a profit metric. 

You could have a 120-year-old property that owner pays Gas electric and water, and the property is constantly needing major repairs.

My background is in art and design, and I have enjoyed overseeing major renovation projects at each of our primary residences. 

I did some research through public records and the owner is 86 years old who bought the majority of these properties in the 80's, most likely retiring.