Are You Ready?
Do you have a minimum credit score of 700?
Do you have a minimum of $25,000 cash or immediately available credit on hand (for a small project), or $50,000 on hand (for a large project)?
Do you have an entity, such as an LLC, corporation, or partnership with which to purchase the property?
Have you opened a bank account in the name of the entity?
Have you filed for a Taxpayer Identification Number?
Considered making tax election to be taxed as a "Sub-S"?
If doing business in Chicago, do you have a Real Estate attorney?
Have you chosen an insurance agent and purchased insurance?
Have you purchased liability insurance?
Have you researched possible contractors, and are they available at this time?
Do you have the time and energy to devote to the project?
Do you have experience in flipping houses, or, are you working with an experienced project manager?
Are you readily available to respond quickly to emails, phone calls and texts?
HAVE YOU CAREFULLY READ EVERY PAGE OF THIS WEBSITE?
Rapid Money Access Connection