Our current mortgage is 314k and we believe the house would appraise for 440k.We would to acquire another property  (or more!)

Obviously there will be other items that come up but it's a good outline to start.AddressPurchase PriceDown Payment (20% if HM)Loan AmountRehab Cost Est Interest Rate# Holding Months Homeowner's Insurance PolicyOrigination FeeDocument FeeHOA Fee if applicableProperty TaxesTitle - Lender Title InsuranceTitle - Owner's Title InsuranceTitle - Binder Fee - Buy SideTitle - Binder Fee - Sell SideTitle Messenger FeesRecording Grant Deed - Buy SideRecording Trust Deed - Buy SideRecording Fee - Sell SideStatement Fee - Sell SideEscrow Fee - Buy SideEscrow Fee - Sell SideSub Escrow Fee - Buy SideSub Escrow Fee - Sell SideLoan Doc Signing ServiceMonthly Int Only PaymentNHD Report $99Utilities (Electric, water etc)Owner's Title InsuranceTransfer Tax - Sell SideHOA Docs Order if applicableHome Warranty $500Agent Commissions (4-5% of sale price)Wire Fee $25 per wireFiled Articles of Incorp for LLC (if creating a new LLC)ARV #Minus Down Payment Back (20% if HM)Minus Rehab CostMinus Holding Costs, HM FeesMinus Realtor Commissions (4-5%)Net Profit

Ultimately the lender will require a personal guarantee from the borrower unless the property qualifies for non recourse financing (which is rare and generally applies to larger transactions than those contemplated or executed upon by BP forum posters).

Find a local, trusted lender and get set up.

Financial Success: Listed at $400,000, aiming for 5x on original investment of $50,000, post-mortgage.

The best comps are: - sales in the last 6 months (last 3 months is optimal)- within 5 miles- same bed/bath count- similar square footage-similar condition (new build, recent rehab, average, good, etc)This is what your lender/appraiser will mainly look at when determining the property's value.

Banks and alternative lenders (non bank) are a possibility.

I'm new to all this, but having a background in mortgages and finance.

Hello, I live in northern Vermont and am in search of a private/hard money lender to fund fix-and-flips.

Elton,When a lender is doing a loan under $100K expecg higher rates/fee's.