Quote from @Janene Haynes: Hi everyone,I’m a first-time investor and a single mom based in California.

We found out this week our duplex being built had one front door kicked in and a fire built in the main room.  

So sad - Kiavi is a premier lender for brokers their system is amongst the best but this is a massive red flag and a terrible way to destroy strong broker relationships.

We buy based on current condition, realistic rent, and a rehab budget that prioritizes durability over aesthetics.

My mother was an agent and a flipper, so this is not a new industry for me really.

Congrats on your first flip, that’s a big milestone and a strong way to start building momentum.

Plenty of investors use a mix of education, networking, and a strong agent partnership because each one brings something different to the table.For someone buying their first place with plans to convert it to a rental later, having guidance on property type and future rental eligibility can make a big difference.

20k purchase price and a decent up and coming neighborhood How did you find this deal and how did you negotiate it?

Actually, yes. i can refer one out of Tampa that actually has a formal design degree and a ton of experience with not only residential and commercial interior design, but flip and ground up as well.

For an investment property I won't live in or one where the expected returns are OK, I would prefer to drop between 30-50K down since it's a first property and a "learning opportunity".