They have some of the most extensive fees because this way they can charge you fees but low points.You can expect to pay about 1,500 in closing cost fees: Legal, processing, underwriting.To get in a good loan, you would need some experience in real estate flipping/holding preferably in Houston and be 100k liquid and have credit 700+.You fill those three needs and I can help you for sure.

Profit Potential: Fix & flip can offer quick returns if you buy properties below market value, make strategic renovations, and sell at a higher price. 2.

Regarding nonrefundable deposit on lease option to purchase for a home selling for $375K.What does the nonrefundable deposit entail?

Should I try to sell without repairing (taking a loss even if I could find a buyer)? 

My mother-in-law is wanting to sell a property that she is 30% heir in. 

An offer (on a difficult to sell or finance property) might look like:$875k Sales Price with $175k down.

For example, if I were to purchase a home for $1M, fix it up then sell it for $1.4M, how much of that $400k gain would be taxed?

Sell your properties and pay the tax. 

My goal is to buy the house, terminate the section 8 lease as soon as possible (at the lease term, to avoid eviction process), and search myself for other better tenants.

The business plans for acquiring and adding value (in other words the BRRRR process) is slightly different.