A lot of wholesalers try to play games and make it seem like they have tons of interest to drive the price up near 80%.

Sorry, but this ain't a football game, and that kind of emotional nonsense doesn't help anybody.

I plan on flipping this property but if for some reason my game plan switches to a BRRR I will consider your idea for rent. 

I think my saving grace is my ability to confidently dictate a game plan on how we move forward with the priority on our relationship. 

I'm trying to absorb as much as I can right now, work on my goals and game-plan, and working toward having my first deal done by this summer.

@William Green Jacksonville is a great market and there are still plenty of opportunities but more importantly do you have a focus or a game plan and what kind of properties you are looking for?

Once you are in the game, you’ll know what things cost, what to look for, etc. if the market is hot, there’s no time for 3 days of due diligence.

My wife and I have been wanting to get some skin in the game in regards to purchasing our first fixer upper.

@Jesse Park I’m new to the game, but from everything I’ve been reading, it sounds like you could use the 20% to do a BRRRR (without doing the rehab step).

The borrower and the security (the asset and docs associated with it).As a lender, you want to ensure the borrower has a performance history, can show skin in the game (some of their own capital placed into the investment), and has experience in performing on the particular investment.For the asset, you need to make sure your a LTV (loan to value) does not exceed a set amount you choose to give you “cushion” in the event the deal goes sideways and you need to take the property back.Your loan docs are also important and should include all the things you need to protect your investment such as a deed of trust (or mortgage in mortgage states), promissory note, balloon rider if the loan is not a fully amortized loan, personal guarantee rider (which is only worth something if the borrower has personal assets to go after), etc.For the asset itself, you need to know the strategy (buy and hold or fix and flip) verify the condition and amount of repairs, know the current market value and future market value after repairs, and have a plan in the event you need to take the asset to recoup your investment.