Purchase price: $280,000 Cash invested: $62,000 Sale price: $375,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Don Hogan, successfully completed a fix-and-flip on Schilling Road, Onalaska, WI 54650.

You can implement this strategy in any market if you make the right purchase.

Quote from @Dan Illes: have lost money in the six or seven figures.People that purchased new construction years ago are not able to close on their purchase as they are now worth much less and can’t afford the payments.

Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.

Thats a good question, Just purchased Batchleads.io membership to give it ago, So far it has the Skip Trace feature and able to obtain mortgage and lien info of leads but, I though it was fine and dandy until I wanted to see how the current MLS data reflects on there.

Have property under agreement to purchase for 10% above my back end sales price ?

Now I have purchased back ones I wasn't the high bidder on, but that is rare.

@Matthew Gentile  one main factor to remember Income is critical in this business to obtain financing of any magnitude and a stable well paying W 2 allows you to obtain debt for your RE purchases plus if you have health bene's etc that's critical as your family grows.

Let's call it $550k purchase price.Rent = $3,100/monthMortgage: Given that I have $200k set aside, let's assume I put 35% down ($192.5k).

I'd see if you got a warranty. in all of our new builds we actually have the deal underwritten by an external builders risk policy by an insurance company as a smaller builder it hedges our risk and helps the customers be very happy. it's typically 0.5% of the purchase price.