Here's a HUD deal which we recently got: House is worth $120K, repairs: $20K, we got it from HUD for $44K and we sold it quickly to our buyer for $55K.

If you're only going to own the property for a couple of months, then a higher interest/lower monthly payment loan would be what I would suggest.However, If you're buying equity with the hope of seeing a larger payday further down the road, then you'd want a lower-interest conventional financing loan that you can pay principal down on as quickly as possible, but at that point, you're a buy-and-hold investor and not a flipper.Honestly, the best thing to invest in is education.

It doesn't affect longer term owners who have built up equity as much as they just loose some value when caps loosen up but for a new buyer at that high threshold it can sink you quick.

Quick update: I spoke with Wells Fargo and they seem interested in providing a loan to an LLC so we'll see where this goes.

Thanks for the quick reply I have a feeling I might get an answer like " CLIENT PERSONAL INFORMATION CAN NOT BE RELEASE TO THIRD PARTIES.I see if I can get the agent to disclose property's physical structure interior and exterior at sale .

Exactly the input I was looking for, thanks for the quick reply, the list agent thinks this can be had for 2,150,000 so I would be putting up just under 500k, and assuming the loan or getting my own financing.

So you will need quick access to proof of funds letter.

Thanks everyone for all of your quick, helpful responses!

You just have to get used to Josh & Brian's falsetto voices on QUICK TIPS (^_^).

I have tried to do as much due diligence as possible as window companies often just sub-contract out jobs as quick as they can secure them.