That's my plan, I've never done this is it that simple?

Hi all, I am new to the BP forums and intend to invest in the Montreal area over the next couple years.I would love to join a local REI group to share thoughts, plans, and even create a solid network base.If something does form I would also be joining (English or French). 

My initial plan is to get the extra cash I need for building more reserves and down payments by flipping/wholesaling, which I still want to do in order to speed things up.

There is about $14k total owed (payments and taxxes). this was going to come out of the $55k, and with the remainder I had planned to try and get a loan to buy a house with about $30k down, and spending about $7k on the renovations to make it handicapped accessable.

Hi @Jim Mitchell, are you trying to flip the deal personally or are you planning on wholesaling it out to someone else? 

Just curious if its the best idea to put one's residential address as the return on these mailers especially when I plan on sending several follow up's?

My plan would be a conventional 30Y mortgage with 20% down.  

Hey Vedran Sehovic there are many creative avenues that we as lenders can use to make this plan work for you.

Memphis is a pretty competitive market…I would be more concerned about how you plan to get deal flow, or off-market leads?

But the problem was solved and I was able to move on with my plans for the property.See what the true root of the problem is and see if you can help fix it.