I am trying to purchase a house for a flip or rehab and can not find one that I feel comfortable with. Cannot find the true 60% to 70% LTV - rehab costs. I cannot find 75% LTV - rehab costs. I see a lot of people claiming to be wholesaling on Webb sites and Craig’s list but they are highly ejaculating the LTV on these properties.
I suggest you spend a lot more time reading and doing research because from you questions it does not sound as if you are prepared at all for either flipping nor rehabbing.
Lady2008,
I am trying to purchase a house for a flip or rehab and can not find one that I feel comfortable with. Cannot find the true 60% to 70% LTV - rehab costs. I cannot find 75% LTV - rehab costs. I see a lot of people claiming to be wholesaling on Webb sites and Craig’s list but they are highly ejaculating the LTV on these properties.
I suggest you spend a lot more time reading and doing research because from you questions it does not sound as if you are prepared at all for either flipping nor rehabbing.
Are you THAT strapped for cash that you will risk losing the deal for a "no out of pocket" play?
[addsig]
Have you projected your cash flow from this property?
How does that look?
5km and 7km is pretty far. U would want student housing to be walking or biking distance.