I have been reading books, watching a few videos (although most seem like they are selling something), and reading articles online.

Hey quick question, looking to get into fix and flip, but want to sell to Offerpad or Opendoor and similar sites instead of working with agents, is that realistic?

The bank/lender who is selling wants the proof of funds as a bank statement with the exact name of the person on the contract.

The numbers favor the people who cap, and the little guy (selling under $4 million/year) ends up picking up the tab.

If you flip to rent you will go more durable on finishings than you would to sell so you want to decide on that, but when you are done, you can see where you are at for sale vs. rent and decide, you would just have to move to traditional loan to carry it if you rent.

ctype=...Meanwhile my 100k house I bought in cash 17 years ago sold for 325k but net only 237k after selling expenses, renovation and taxes.

But the best part is if you buy a house for $100,000 and in 5 years it’s worth $300,000 and you sell it, your $200,000 profit is all tax free because it’s in your tax free account.

So hard to tell if this will take off fast and or fill up, which is why I was going into this thinking that if worse case scenario it wont take off we could sell the property and break even at the initial cost I assumed it to be, but now with the construction costs being higher Im not sure that Im willing to take that chance 

This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.

Plus they’re going to sell the loan before you ever make your first payment, or at least DR Horton did.