I met a new investor, with contracting experience, at a local real estate meet up and he is interested in doing a flip using a hard money loan, renting the property out to his girlfriend, then using a FHA loan to buy it so he can live in it.

Dallas is pretty strong, but there is some distress.How much money do you have to play with? 

I'd focus on 150,000 sq ft and up deals so you get the densities you need. we just proposed 84 units on a lot that is 4500 square feet in Columbus Ohio with reduction in parking from 111 cars to 0 and we will lease off site parking. shift parking off site to save money on garages or push it into public garages. if the numbers work build structured parking which most the time they do it just depends on the deal size. if you want to sell to institutional investors you need at least 100 units in my opinion but the sweet spot is like 150+. in downtown columbus our market you can get about downtown unlimited height land for 1.5 million an acre.

I would say, that the class of the unit and tenant profile would determine the approach to this additional security by collecting more money.

Great thing about this business is even if you don't have the money to invest in deals yourself, there's other investors and lenders out there with money who need a place to put their capital for a sizable return.

I would do it as a construction/hard money ground-up loan.

I get a lot of requests to connect them with private money lenders like yourself.

So I am graduating from college next year and I have done a lot of researching and have been saving up money for my first house.

I network with a lot of cold callers and I would love to help you save some money and time by not using those services anymore.

Being new to this biz, there is a lot of fear and trepidations associated with the "right" deal and a network of lenders, agents, contractors you can trust.My strategy at this point is 1, put my money to work for me, move my money into a real estate/ self directed IRA and then work into the fix and flip side of the business.