Lets say you find a house hat looks like it has the potential to be a fixer upper. What are the step by step things you would go about, to negoiate with the seller/realtor, what are you saying to the lender to obtain financing (obivious you are re-selling it within 2-3 months), how do you obtain the numbers for the lender, once you obtain financing, then what, how do you remarket the house for sale (use a realtor?), once you close, how are taxes into play.
Basically step 1, step 2, step 3, I tell them this, I tell them that, and any good/bad experiences.
I have a long term rental, but looking at ways to branch out and make additional $ for more rentals.
Thank you all in advance.