The monthly expense seems low and the rehab can go over budget and timeline pretty easily on a job that size.

Then work into the next deal and back on track to make some money on the next flip, or buy, renovate and hold for the other person.Everyone says it is easy with low and no money down, but I am finding it hard unless you have $30K sitting around doing nothing.

Then work into the next deal and back on track to make some money on the next flip, or buy, renovate and hold for the other person.Everyone says it is easy with low and no money down, but I am finding it hard unless you have $30K sitting around doing nothing.

Then work into the next deal and back on track to make some money on the next flip, or buy, renovate and hold for the other person.Everyone says it is easy with low and no money down, but I am finding it hard unless you have $30K sitting around doing nothing.

Two I was doing way too many low dollar tasks, running to the hardware store mowing the lawn you get the picture.

@Billie Miller, I will have to dig more into points up front but would like to keep the interest rate as low as possible.

The HELOC doesn't cost you anything to hold if you don't use it for a while, and you can often times get low interest periods on the front end to help you pay them down quickly.

So, I got a great house for a good deal but it is 1900s, so definitely not a low-maintenance house by any means!  

In reality, no one helps you with lead generation, so you are better served with a brokerage with low overhead. 

I work as a field property claims adjuster and I have experience in estimating restoration damages on jobs of low to moderate complexity as well as extremely complex claims up to 100k+.