I also talked with 'DoHardMoney' - I'm not sure if any of you guys have used them before but for a first time 'fix & flip', they offer 100% financing for up to 70% ARV (determined prior to purchase) at 5.5 points with 1.25% interest per month.

Hello BP, I am new to investing, I live in Akron, Ohio I'm looking for feed back on what type of housing are considered if you were a cash buyer, or real estate investor for rentals, fix flip, or sale, what areas would be a good choice if you had to pick?  

This industry has opened our eyes to so many opportunities in real estate and all its ancillary businesses with our focus being on the fix/flip model of existing farmland and eventually moving into the commercial/industrial sector of canna complexes.

I plan to use a traditional 30yr fixed owner occupant loan.  

I can only use cash and am targeting a 100k budget, no interest will be considered, so at this point I'm thinking my best bet is to buy a rehab sub 100k house, fix it up and rent it out, and keep working until I can buy the second, third, etc in cash.

Often times when utilizing an LLC you might see terms that have higher interest rate, 25% down payment, 25 year amortized loan with a 5 year balloon vs a 30 year amortized fixed rate. 

Fix what is needed and budget for future expenses as they come up.  

After 12 to 24 months, these new residents will be looking to buy, and that is the point at which the mid-range housing market will feel the most pressure.For real estate investors, this news means that it might not be a bad idea to invest in multi-family units, as well as holding onto any fix and flip homes as rentals for a couple of years to see what happens to the prices in their investment neighborhood.

Hi John,  Agents are nice people certainly but their skill (and license) is in negotiating high prices for sellers of fixed up houses.   

I work on house with a partner to fix up the house and find subcontractors as needed.When house sells investor gets money back plus profit.Myself and partner split the rest of the cash.Since the house was in my name how do I pay my investor and partner so that the IRS knows I should not be taxed on all of the profits?