![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2930782/small_1706250578-avatar-jacquelinel60.jpg?twic=v1/output=image&v=2)
6 February 2024 | 16 replies
They both lay out and explain the process.1: The Book on Flipping Houses - J Scott2: FLIP - Rick VillaniWell worth the time and very informational.Good Luck!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1640258/small_1706615170-avatar-yamilp2.jpg?twic=v1/output=image&v=2)
5 February 2024 | 3 replies
@Yamil Pimienta not occupying will make the process very tough.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2940133/small_1707166246-avatar-pedrod57.jpg?twic=v1/output=image&v=2)
5 February 2024 | 1 reply
I really just want to start learning but dont know where to go to self educate to start learning the language, strategies, and processes to start growing my knowledge so I dont sound like an idiot on the phones.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2921822/small_1705453195-avatar-mitchella44.jpg?twic=v1/output=image&v=2)
4 February 2024 | 4 replies
My name is Mitch Alliston and I am done with my first real estate deal ever and Just doubled the value of a farm by transforming it with permaculture design, now that we have closed I will be coming back to South Florida to start investing in apartment buildings from St.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2696601/small_1707858044-avatar-swatiy1.jpg?twic=v1/output=image&v=2)
5 February 2024 | 2 replies
At least at the end of the process they would have a piece of real estate, instead of just an education.People who never do anything weren't going to do anything anyway, they just like paying for the education.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/564494/small_1694602184-avatar-jordank21.jpg?twic=v1/output=image&v=2)
5 February 2024 | 13 replies
They will follow the legal process to obtain title or the owner will need to pay fees to get it out of impound.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2936995/small_1707359486-avatar-arabellap.jpg?twic=v1/output=image&v=2)
5 February 2024 | 4 replies
Simple paper work during processing takes care of that part.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2568515/small_1670430867-avatar-devinp79.jpg?twic=v1/output=image&v=2)
5 February 2024 | 4 replies
@Devin Peterson I am literally starting this exact process myself!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/215007/small_1621433795-avatar-jbphilly.jpg?twic=v1/output=image&v=2)
4 February 2024 | 6 replies
Looking for some random assistance if there are any design professionals or experienced investors who might know of an exemption.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2875812/small_1706214452-avatar-anthonyp691.jpg?twic=v1/output=image&v=2)
5 February 2024 | 9 replies
Let's break things down, hopefully, I am understanding everything correctly...Exit Strategy 1: Full Rehab and Rent IncreasePros:Higher ARV (After Repair Value): This strategy could potentially increase the property's value to $126,000, allowing for a higher cash-out refinance amount.Higher Rent: After the completion of the Scope of Work (SOW), the rent could be raised to $1,000, generating more monthly revenue.Long-Term Value: Completing a full rehab could increase the property's long-term value and appeal, making it more competitive in the market.Cons:Higher Initial Investment: The SOW budget is significantly higher at $15,750, requiring more cash upfront.Vacancy Risk: Asking the current renters to vacate for the rehab introduces the risk of vacancy and lost rental income during the renovation period.Longer Timeline: The rehab process and finding new tenants could extend the timeline before the property starts generating its anticipated cash flow.Exit Strategy 2: Minimal Repairs and Keeping Current RentersPros:Lower Initial Investment: With a SOW budget of just $2,500, this strategy requires less cash upfront.Quicker Turnaround: Completing minimal repairs and keeping the current tenants can significantly shorten the timeline to start generating cash flow.Reduced Vacancy Risk: By allowing the current tenants to stay, the property continues to generate income, avoiding the risks associated with vacancy.Cons:Lower ARV: This strategy results in a lower ARV of $110,000, which affects the cash-out refinance amount.Lower Rent Increase: The rent increase to $900 is less than what could be achieved with a full rehab.Future Repair Costs: Minimal repairs might not address all the property's needs, potentially leading to higher maintenance costs down the line.Financial Analysis:Cash Flow Considerations: Both strategies provide positive cash flow before reserves, with Strategy 1 generating $160 and Strategy 2 generating $148 monthly.