She put minimal down and utilized some state assistance to offset closing costs.

My plan is to use FHA, 3.5% dp, seller covers closing costs. 

As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

As an update though, we did move ahead and were able to secure a 1X close construction loan that automatically converts to a 30-year fixed rate. 

I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of funding?

@James Wise You've got to share your connection man...every time I post my map it gets removed from the forums...interesting.

Hi @Yulia Volokhina,All of these markets are very close to each other geographically, so you're not going to see massive differences between any of these.

Please feel free to reach out, and let's discuss how we can collaborate and support each other's endeavors in the real estate market.Looking forward to connecting further!

If you decide the terms for a home equity loan are more favorable compared to the HELOC then it's just a matter of knowing exactly how much you need for closing on a specific property because you don't want to get stuck paying on debt that you aren't planning on using right away.

We then need about $30,000 to cover the hard money loan and the closing costs.