What drives a successful flipper to take on the extra work and risk of out-of-state flipping?

I have some extra equity in my first duplex as I bought it with 25% down and it appraised for 20% more than I paid for it that I may try to pull out when I refi to conventional but it's not a huge concern for me.

I'm happy to pay her for the extra check-up so to speak.Bryan A.

My local lender asked for past 2 tax returns and still asks me for a recent pay stub every time I apply for a loan even though I now have 4 through them.One big paycheck might be easy to show (depending on your industry/pay scale)... tax returns show a better trend of your earning power.

I want to leave on good terms but paying extra 15 days for uninhabitable living conditions doesn't seem fair.

I'm ready to fight back if they try to charge me for the extra days- but I don't particularly feel that it will be an issue.

Example 500k to exchange with no extra cash or 500k with 300k for 800k all in.Do you want financing to leverage yourself or exchange with paying all cash for the property??

To expand a little more, in an S Corp you can receive income as both earned (paycheck) or passive (stock dividends).

That being said, if in your position, with a friend that has money making them 1% or -% in the market, I would work out a simple deal where they could invest the capital and earn simple interest between 5-10% on a loan amortized over 30 years, with a balloon due in 5 or 10 years, or as far out as they will go.

Hi,Sorry for all the extra posts, I don't see how to delete posts :(Testing with Advanced Reply ( not quick reply ), I see the ICONS for ImageHelp !