Get with a PM who really has a strong contractor network.

While I am not a full time flipper *YET*, I have strong knowledge and experience in the architecture, design, and construction industry.

Hi Shane, I want to tell you something from my research because it seems that we've been doing the same thing when it comes to educating ourselves on RE.Given that you already have 20k, which is around half of the down payment, try to leverage family and friends as private money lender in order to complete the down payment.Second, depending on how long you had your primary, assuming that you did not cash out anything from the equity, you can try out this option ( no need to cash out all, just cash out the amount that you need to make this deal happen).just my humble opinion based on what I have learned!

I'll split this post into two parts based on your question...NUMBER 1: OBTAINING POSITIVE CASH FLOWIt comes down to many factors, but a few key factors that I have found that have the largest impact on the property's cash flow are below (The below generally holds true for any market.

It's nothing against you, but right before every single real estate market downturn, I've found that investors start to say two things: 1) real estate will never go down and the market is strong, & 2) I'll lend at 100% or even more or as a borrower, I need 100% financing.

Development cost: this cost fluctuate a lot based on the site.

She was told by our local power company, PPL, that our meter base needed to be upgraded, THEN they could put her meter in (there was no meter in her unit because the previous tenant moved and it has been unoccupied for a few months).

Far too risky and unlikely to succeed.It's unclear what the $2,500 monthly payment is based onAny one of the owner or mortgage or lien holders can force the foreclosure of the property.

If there is enough equity within the properties based on their appraised value, you may be able to do a packaged loan for these two properties and then have enough equity for a down payment on another property.

We strongly believe that diversifying the various investments is important and offer extreme transparency.