First deal loan estimate

[Matt Paradis]

I have been running the numbers on many properties just to get some practice seeing what numbers work and don't work for a large range of property prices. I was wondering what a reasonable first loan amount might be for someone with credit north of 700 to funnel my search for the property. Many people I have talked to started with flipping 90k-100k properties, but estimating repair costs seem to be easily underestimated for a newbie. Would it be readable to be looking at a FHA 200k duplex? Or is that too far of a reach for first deal and should stick with a flip first. All personal experience stories welcome!