If you need financial help, ask under the "Finance, Tax, and Legal" forum.

. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

To adapt, focus on refining your ARV and repair cost estimates, explore off-market deals, and consider creative financing strategies like seller financing or partnerships.

The numbers look about equal either way except the loan costs would be greater having to finance twice essentially.

Often times you will pay much more in taxes than if you pulled the money out, paid the taxes and penalty and then started investing in real estate.For example, with the financing you mentioned, the IRA must pay taxes on the portion of the profit earned by financing. 

It's a love hate for sure lol.I host a monthly meetup focusing on finance and real estate investing.

How did you finance this deal?

Thirdly, financing and potentially selling later on could be challenging again with the part of the plan being on a campground. 

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

I met with Wicked Smart today and was told they help you set up a lead sourcing system, help you structure creative financing - which is essentially lease option/purchase, subject to and owner financing....all strategies I am interested in learning more about.