My main piece of advise : As a new investor it can be really hard to wait until you have the capital to get started with something worthwhile, so focus on your research and on building your analysis skills, focus on the numbers and doing conservative math (ie don't include rent increases or appreciation, which are never guaranteed).

I live in brewer Maine I have 27 years experience in carpentry and very good at what I do I would like to start flipping homes in my area I'm looking for an investor to help me get started I have not located a home to flip but currently looking

I would not use Zillow and Trulia as a main resource - but rather dig deeper as they are third party websites and despite being owned both by Zillow, Zillow can still be very OFF on valuations.2.

My plan is to save so when the year is up I can get into another in the area, again for 3.5 percent down.My main questions are1.

Auction.com has an estimated ARV of $600k, but we are taking that number with a huge grain of salt since any comps close by seem to be more around mid 500s.A quick plus delta of the situation as we see it:+ great location (corner lot, water front on a small lake, good neighborhood with very nice neighboring properties, close to main road).+ REO with a motivated bank seller (assuming they will be dropping their minimum each time they put it up for auction?)

My main concern is that I don't know the weather/water patterns there well enough to know if the issues called out on the report are super worrisome and will need to be repaired ASAP or not.Thank you all in advance!

I have replaced the kitchen with all stainless appliances, new AC and Furnace, and Water heater, new sump pump, new basement grinder pump, new pool pump, new pool cover, and done a lot of painting on the main floor of the house as well.

This was my main question, if I pull out a HELOC now and then sell the house after, is that money considered for Capital Gains tax since it’s technically a debt?

The main thing about Vegas is that cash doesn't matter here.

Just check your state for licensure requirements. there are 12 states that require NMLS and state license. mainly west coast and the Dakotas and MN.. quick call or look up will tell you,  For sure though you can do owner occ at all with out NMLS and state license. unless there is a carve out for a few a year this allows owners to sell their homes on contract but does not allow someone to make a business of it.