Appreciate any advice or insights.Here’s the breakdown:Property Details:Purchase price: $40,000Rehab budget: $60,000 (lender holdback)ARV: $175,000Financing:I’m getting a fix & flip loan with the following terms:Loan amount: $100,000Interest rate: 12%Origination fee: $3,000Processing fee: $450Interest-only payments: $1,000/month6-month termRehab holdback: $60,000I also have access to a Bloc [Business line of credit] loan (secured against my rental property, NOT the flip property) with:Loan amount: $35,000Interest rate: 12%Term: 3 yearsSecured by my rental propertyNo other fees rather than 3% app fee.My plan:Use the fix & flip loan to cover the purchase + rehab, and use the Bloc loan strictly for holding costs like interest payments, insurance, utilities, taxes during the rehab/sale process.

Same address (different unit #) and I also opted to tell the truth on the app - but honestly didn't anticipate a denial.I’ve since appealed the initial denial.

Even if there are no DFW investors you know beforehand, you can network and meet plenty of folks via the Whova app before the conference! 

Appreciate any advice or insights.Here’s the breakdown:Property Details:Purchase price: $40,000Rehab budget: $60,000 (lender holdback)ARV: $175,000Financing:I’m getting a fix & flip loan with the following terms:Loan amount: $100,000Interest rate: 12%Origination fee: $3,000Processing fee: $450Interest-only payments: $1,000/month6-month termRehab holdback: $60,000I also have access to a Bloc [Business line of credit] loan (secured against my rental property, NOT the flip property) with:Loan amount: $35,000Interest rate: 12%Term: 3 yearsSecured by my rental propertyNo other fees rather than 3% app fee.My plan:Use the fix & flip loan to cover the purchase + rehab, and use the Bloc loan strictly for holding costs like interest payments, insurance, utilities, taxes during the rehab/sale process.

Do you prefer an app like Stessa, QuickBooks, or something else?

Even without Lynx, the Schlage app could achieve this quickly making manual codes.

I work with software as part of my day job and built out a custom web app to help me analyze real estate deals as a side project.

Getting the 5.08% is fantastic BUT, currently none of my debit cards work and I am not able to transfer funds out of Stessa to an external bank from Stessa app. 

Btw... you said the magic words "I'm in California" and triggered the keywords "out of state" and "O-h-i-o" ...LOL 

And about a handful of messages in the app per day.