It is no wonder that flipping is the number one choice for getting started among beginners, but let's not forget that there are a few drawbacks to flipping.

Individual #1: Taking out traditional mortgage with 10% down to purchase propertyIndividual #2: Managing restoration and sale, taking share of profitsThey need money for the restoration budget, estimated at $40K.

Are you looking at traditional bank financing?  

I currently have some money in an old 401K and a traditional IRA that I would like to roll over into a SDIRA.

I have a rental in the not-so-great part of North Charleston, SC. It has had VCT on the floor for about 8 years, and it's fairly light colored. It hasn't been sealed and polished well. I think it's toast.  A tenant is...

I would screen myself however the selected choice.   

If you're a licensed real estate agent, you have a duty to inform the seller.If you're unlicensed, you should probably ethically tell her, but you've got to make that choice yourself.

If it's a traditions retail "Flip", then I buy at 65% of ARV [after repair value] minus the rehab.  

If you want to be a traditional agent and sell to homeowners then Long and Foster will have lots of training and support.

Our "niche" was finding the best financing for each deal - traditional, commercial and private.Over the years since that first deal I personally have been involved in hundreds of real estate transactions, bought, sold, flipped & financed more than I can possibly count.