If you have a HML that is only going to charge you 3 points with no down payment PM me his info ASAP.Honestly doesn't sound like a great deal if it needs a lot of work to reach full value.

And I personally believe it will be a very long time before we ever see something as damaging as 2008/2009 was, hence why I do my best to try and help those fight their investing PTSD. 

Asking price is $180,000.Needs full rehab.RSA5Comps on zillow go only so far. 

It was a full price offer with some concessions. 

Conventional financing - full price if no consessions 4.

I would say it is really only useful if you want to do it full time, even if you only want to do it full time for a year or two and then focus more on your own company.  

He used to manage 70+ properties while working full time as a police detective.

I see most hard lenders are for 12 months, which is not bad I guess, however I would like at least 2 to 5 years to give their money back in full.

So here’s my situation..I am about to graduate college and will be working in my field full time in order to be approved for a mortgage and financing to pay for renovations for my first flip.

@Stone Jin - I will be ready to go on a down payment soon, getting qualified was my biggest concern going forward, speaking to a lender definitely will get me a more full picture.I watched one podcast that suggested aiming for 5 units in a year, and I wasn't seeing how the math for an average person works out, unless they are talking about properties for $30-$50k or so.