So, Here are My Top Tips for Fix n Flippers When it Comes to Rehab Below:- PLAN YOUR SCOPE OF WORK AND REHAB BUDGET WITH DETAIL- FORECAST PROJECTED BUDGET AS ACCURATE AS POSSIBLE- USE A REHAB BUDGET TEMPLATE PROVIDED BY THE LENDER RATHER THAN MAKING IT SO YOU DON'T FORGET ANYTHING- HAVE 25% OF YOUR REHAB BUDGET AVAILABLE IN LIQUID FUNDS - DRAW OR DESIGN SKETCHES OF BEFORE AND AFTER REHAB -- ASK YOUR LENDER FOR HELP IF YOU NEED :)- ASK YOUR LENDER IF THEY OPERATE ON A DRAW PROCESS OR NOT- ASK YOUR LENDER IF THEY CHARGE INTEREST ON UNDRAWN FUNDS- ALWAYS OVERESTIMATE YOUR REHAB BID -- EASIER TO GET REIMBURSED RATHER THAN ASKING FOR MOER FUNDS (KEEP IN MIND YOUR RESERVES THOUGH WITH A HIGHER REHAB AMNT)What are some of your best practices when it comes to working with a Lender as a Fix n Flipper?

What lifestyle choices can you drop to save more cash?

Hello Bigger Pockets, Im practicing running the numbers to find deals and would love it if you guys could review this particular analysis.

Hello Bigger Pockets, Im practicing running the numbers to find deals and would love it if you guys could review this particular analysis.

@Philip Briskin I am curious is that best practice that the funds need to be in a separate account or is it required by law?

Would you say this is fair or a normal practice?  

The only way to get good at that is through mindful practice and repetition!

If you require positive cash flow to meet your commitments, you may have no choice but to purchase in better cash flow markets.  

Honestly I have made my choices from years of experience and I stand firm by my decisions.

Advice like cash for keys is laughable and hasn't been practiced effectively in NJ for years because the renters know that the state is very tenant-friendly and will request 15-30k for cash for keys when it used to be like 2-4k.