Hello all,I am curious how much money (as a % of ARV) a beginner house flipper can expect to need to bring to the table when using a hard money loan.

For anybody who stumbles across this post like I did after the fact using a search...1) I believe the property is occupied, can I request the property be vacant at time of closing?

I would use your 3x rent guidelines and credit score to see if the parents qualify.If I was using a strict 650 score or above none of my units would be rented right now.

Other options include: a) to finance the property at purchase through a conventional lender (i.e. bank, credit union) using a variable-rate product (less of a penalty when you refinance) and then re-finance the property following renovations.  

We have one investment property in Pittsburgh that we bought using a conventional mortgage and our own money for the downpayment.  

I am having trouble wrapping my head around a couple of things:1)  When using as a down payment is one of these options better than the other (HELOC vs Home Equity Loan)?

I’m close to reaching 10k saved up I was thinking of paying off some debt and get my credit to at least 750 its at 720 now. After my credit goes up I wanted to apply for a line of credit and use it towards a down paym...

Can HUD homes be wholesaled using a simo-closing and with a cash buyer.

There is a form you and the tenant must fill out and a booklet you must give the tenants.You might consider using a property manager.

I have an iphone and it annoys the crap out of me if I have to call a vanity number because I can't dial from my phone.Overall, I think I've had better results with the advertising using a regular local number as opposed to using a vanity number.