My primary residence is central PA but split time between New Hampshire, Central PA, Central Jersey, and NW PA.

Hey,My partners and I are getting close to purchasing our first investment property.

As a lender I help clients with unique financing all the time, and have a couple long term hold investment properties but I am wanting to start “dipping my toes” into the flip world.

This is on a property that had a CSS done on it some 6 years ago when we got it (and placed a new roof at that time too part of the rehab). 

We typically don't have trouble with getting 80% of your purchase reimbursed to you as long as the DSCR hits 1.00+.Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]Happy to discuss your specific deal whenever you've got time to review.

Several had mint green walls with dark brown trim, and hardwood floors that hadn’t seen love in a very long time.

My problem is, they tend to get swept up before I have the time to blink.

The only time you would have to prove it is your personal residence if you got audited.Driver's license, voting registration, passport etc all prove residence. 

Hard money can be a bear for a first-time flipper.

It really is worth the money and even time, if you're serious about building a STR company!