I use this as my backup in case my BRRRR doesn't go quite as planned I can always just dump the property and start again.

I just started considering a 3rd option, bringing in a partner for a 50% ownership.

While rates lower during the recession, housing has historically stayed strong and a good investment.

If you are just starting out, I do not recommend you exposing yourself to more than 25k - 30k in capital investment through the whole life cycle of a deal - close to close.

I’m not sure why it hasn’t started to gentrify with its proximity to the West Loop etc.

Hey @Chelsey Coleman, so you need to spend a ton of time on the forum and start reading.

I was looking to get into the investing space more heavily and wanted to start with a flip.

I’m wondering if using Customer instead of Class would work, thereby allowing the less expensive Simple Start or Essentials versions to be used.As a private lender I’ve been using Customer for borrower and Job for each borrower loan … seems to work.

And, 4 months ago I sent an update saying that the market has declined as predicted but we felt that it was starting to stabilize.

How did you get started in with the fix and flip strategy?