I would think that your loan should be closer to 3 points.First time flippers that lack experience aren't a huge risk, in my eyes.

I have been working in Atlanta and have some projects going, hope to get closer to home in So Cal myself soon to work on some project in the future.best of luck!

I can tell you that I just bought a house in CA and it was had at 4.35% with only 5% down, so at 50% down you should be getting closer to 3.5% easily.

It is not how many times we fail that matters but how many times we rise to the challenge again.Eventually we'll keep rising without falling, or, paraphrasing Babe Ruth "with every strike I'm getting closer to the home run."

I hunt for the house with overgrown grass and needed repairs all of the time....You really want recent comps for your rental competition anyway.

I would be a 10% closer but in this business that could be a FAT PAYCHECK....:) Hope that answered your question.Happy Investing

For those, you may be able to offer lower, but the closer you come to the approved price, the more chance you have of getting an acceptance.For those that haven't yet been approved at a specific price, there is no way to know if the listing price is something the bank would accept, let alone something lower than list price.

Tenants that have buckled down with us through the recession are buying houses or moving closer to their new jobs.

I've found that people who do wraps just aren't strong enough closers to buy sub2.

Obviously its going to be closer to 10% of NOI if I chose to make it a hands off investment.