Typically you need 30% down, expect a minimum of 3 points, loan amount greater than $100k and the term is typically amortized over 20 years.One Time Close Construction Loans: These are becoming more popular, but can absolutely be a pain in the butt.

If you are ever at the North Carolina Real Estate Investor Association meeting in Raleigh every month, feel free to connect. 

Hi Julia, Starting out in land flipping can indeed seem daunting, especially when you're facing high costs for educational resources and feeling the pressure to make smart investments without a solid foundation of knowledge.

Since the trust is revocable in this case, I feel that it's more or less irrelevant for the situation as all items would get treated similarly.

I feel the same way as you I like the idea of my rental properties being only a couple hours drive from where I live!

This I feel is where I usually get tripped up. 

Everyone starts somewhere, so everyone knows how you feel right now.

Feel free to message me and I will make the intro. 

Hey James & Jami, I'm an investor in Grand Rapids - feel free to reach out. 

I personally don't feel comfortable waiting for the IRS to "maybe" approve the 8288-B.