I used that same combination on several of mine.I'll try to attach a picture of my project below.

Remember it is about the Combined LTV as to the limit of future advances that you will get on the LOC.

I started very similarly to what you described (flipping first to gain capital and then start combining that with purchasing rentals) and believe it is a very effective strategy.

Me and my friend are both contractors overseas, and have a combined income of a little more than 300k.

Utilizing both a trust and a LLC creates the best combination of liability protection and favorable estate planning.

With so many buyers coming off the sidelines in 2012, combined with representatives of hedge funds bidding up properties to above asking prices, it’s no wonder that prices are continuing to rise in those markets.

Accurate, provides a good selection, and uses solid methodology for determing comps.I've been combining Redfin with public records searches just to be on the safe side.

Combined with the fact that youre new to this I would definitely go in person without saying a number over the phone.I would set an appointment and bring 1) A business card 2) A Purchase Contract 3) An Authorization to Release Information and 4) Comps to Support Your Purchase PriceWhen you have lots of leads coming in you can start qualifying sellers more in depth over the phone but for now you need to experience of negotiating with sellers in person.

it may be a combination.

Lets you save taxes, but then you DO have an hourly wage (it's super tiny and meaningless since the actual wage is a combination of dividend + wages).