I work as a full-time worship pastor and I I've flipped a few houses over the years and looking to do more deals and move into some buy and holds in the next few years.

I actually had about 30k left over that I didn’t use.

Here is what I learned:A great deal spread will trump any expensive lending termsYou need to be liquid, a lot more than you thinkGetting the exit you want will depend on the finishes in the house because all those ARVs you looked up had very nice finishes I'm sure. 

Thanks  There ARE continuity of obligation rules that your subject to since you're considering a refinance and you're not Obligated on the current underlying mortgage (subject-to mortgage from seller).The rule states that if you dont qualify for one of the rules under COB that your maximum LTV is limited to 50% LTV for all refinances within 24 months from the date of acquisition.

Insurers are now looking at roof conditions, over hanging trees, type of water pipes, and electrical. 

I live in the markets you are talking about a good friend lives full time just north of Blue ridge i'm over there all the time.

Hi Ron, In most cases, it will need to be capitalize and depreciated over 15 years (some will say 27.5).

This can all be done remotely. 

Cash for the purchase, cash for the rehab, and cash for all incurred costs. 

Hi all, I’ve searched and searched with no luck on this topic.