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Hi, I’m Derek Layton, a licensed real estate agent and active investor based in Boise, Idaho.

If you and your fiancé are already living together, rather than asking for wedding presents, let people know you are saving for a house and would welcome gifts of any size towards a down payment instead of an air fryer.As Drew mentioned, what you get approved for is based on how much money you make and your debt. 

@Shanna Horton Have you run a proforma on these properties based on your numbers?

Based on photos and other info, I’m estimating the rehab will cost between $30K and $50K.My agent gave me a list of 35 general contractors but said I’ll need to vet them myself, as he’s not familiar with their work.

@Aakash Patel which Chicago suburb are you based out of?

I’m based in Salt Lake City Utah and open to connecting and learning from anyone doing deals.

It’s their responsibility to figure out what it’ll cost based on their own strategy, resources, and standards.As for spending $500 on a class—personally, I wouldn’t.

Hard money lenders are often a go-to for first-time flippers—they’re asset-based and move fast, though rates can be higher.