Though, 5 flips per year is not how I think the 1st year's agenda will play out.Thanks so much for your comment!

In this case, the cost of money is 4.5% and the cap rate is 6.62% so it does not.I also don't like this being a "C' neighborhood and only giving a 6.62 cap.The last comment is that I rarely find a property that doesn't need some work.

Thanks for the comments, I have an appointment with a real estate attorney to discuss.I found this thread on quit-claims interesting: http://www.biggerpockets.com/renewsblog/2011/07/08/quit-claim-deed-title-insurance/

I can see the wisdom in that.I'm hoping to meet with a locally recommended mortgage broker today to explore some options.Your comment on the Rogers area definitely has some truth...that region is exploding!

The article and the flurry of 104 comments should make for an interesting read to help you answer your question.Then, once you're done with that, read Ben Leybovich's counter-point argument.

Private Money, Hard Money or a lender are the options that I am aware of.Some other things to consider (please take into consideration I purchased my house well before I knew about BP and never thinking it would be a short-term flip or rental property)Current Mortgage Balance: $91KProjected Improvements: $15-20K (Option #1) $3-$5K (Option #2)ARV: $120-$130K based on current market conditions, comparables in my neighborhood, etc.Any comments, suggestions, concerns, would be greatly appreciated.

Thank you for all the welcoming comments!

Please leave me some comments, thoughts, constructive criticisms, and tips so that I can improve!

His first comment completely ignores what many investors do which is hold property until death at which time the heirs receive a step-up in cost basis.

Hi Truc,You need to be way more detailed about your situation.This is way to vague to comment.