By understanding the seller’s timeline and needs, we were able to negotiate a fair price of $58,500 that worked for both parties, setting the stage for a profitable fix-and-flip.

By understanding the seller’s timeline and needs, we were able to negotiate a fair price of $58,500 that worked for both parties, setting the stage for a profitable fix-and-flip.

You still might need to take the state-specific portion of the exam in the additional state you’re trying to get licensed in.

You still need a downpayment, closing costs, inspection money, repairs.

Certain cost might need to be capitalized and depreciated over time and given the rehab was over $100,000 I'm sure there will be a few large transactions that need to be capitalized.

You really do not want to add to an IRA that has a SEPP in place.An IRA holding real estate is treated no differently than an IRA holding other investments when it comes to this program - other than you needing to manage your liquidity requirements a bit differently to meet the distribution schedule.

When leveraging money, you can see much greater returns from appreciation. 

Faster Funding: Private money lenders can provide funds much faster than traditional loans, sometimes within a week, allowing you to move quickly on deals.

Thank you so much for your advice I think I might try writing on the post cards. 

I can raise the money from potential LPs but I do not have the skin in the game that I would need at the moment.