This house was under contract with another investor who pulled out.Carpet #729 (Fortune Cookie)Vinyl #AC432 (Sandy Brown)Tops #7734-58 (Jamocha Granite)The house comes with a 10 year warranty and all future repairs must be done through the company or the warranty is void.COST - $150,990 ($95.00 deposit holds the home with approved lender and attorney) ESTIMATED VALUE - $153,000RENT - $1,325CASH FLOW - $364I got financing for a 30 Year Fixed loan for 5.25% at 25% down Now waiting until July before I can do anything else.

Once you've built a relationship you will be at the top of their list for investors they send deals to.Deals can be found on any of them.

The main key to your performance is great photos and little extras that push you to the top.

Its a flip house with all granite counter tops, stainless steel, open concept floor etc. 

@Joseph Weisenbloom... you had mentioned that fully rehabbed properties are going for $200K to $325K... that's a really wide range.If it is on the lower end of that and you'd need to pay real estate commissions when selling that's a much harder decision than toward the top end of that range.For example, if your costs of sale are 7% (which I don't know if that is normal in your market or not) and a sale price of $200K that's $14K in cost of sale plus whatever you need to put into the property to sell it.

Loan Depot is still 1 of the top 5 loan originators in the country so they must be doing something right. 

You need to pay insurance, technology(key) , association, state and national association on top.

I'm ready to buy the house next month (June 2018).I'm considering pulling out about 75k extra, on top of the 80k, to put into another investment. 

@Akeem Wheatley The subject has been beat to death on BP.https://www.biggerpockets.com/forums/519/topics/24...It boils down to this...If you can put your money into an asset growing at 6-8% and you can get an immediate line of credit against that asset at 4.5% (prime), then anything you can do with that borrowed money that earns more than 4.5% will be adding value on top of the original asset.

Keep in mind that we are at the top of some markets.