Originally posted by @Taye Nguyen:So I found a property that I would like to buy and flip the price is 1m.

My concern is when the bank pulls my deed what will happen when they see the original purchase price only 5 months prior?

Originally posted by @Brandon Metzler:I'm new to the site so any and all information or direction is greatly appreciated.

Originally posted by @Mckenzy D.

Originally posted by @Joe Splitrock:@Chris Jensen the reason realtors don't like these websites is because it threatens the MLS monopoly.

Originally posted by @Benjamin R Franzen:Thank you both!

Originally posted by Account Closed:@Rudy Manna congrats!

Originally posted by @Ryan Keenan:hey bp,Need some advice on what seems to be my first problem tenant!

If you did this and either held it for a year (I️ believe that is the standard, but I️ would confirm with the banking institutions you want to go with), you could then refinance, pay off your land contract and pull cash out if appraisal came back higher.Your original thought process is correct in that a bank wants the 20% (I’ve seen closer to 25-30% on commercial loans until you build relationship) to protect themselves from fluctuations in value, but they also want skin in the game.Good luck,Roger

Originally posted by @Nicholas Baughman:I figured that.