It goes without saying that the person with the ability to grant or deny access to massive amounts of cash is a critical player on your team. Here again is where your relationships can pay off.

If you have never bought anything more substantial than a winter coat, it is time to hit the pavement. To be a star flipper, you need a friendly lender in your back pocket. Local banks are your best bet, as sellers frequently frown on offers from an out-of-town institution. That is not to say that you’ll never close a deal if you choose your sister-in-law in Hawaii as your financier. However, if yours is one of multiple offers, you want to do everything you can to make it as attractive as possible.
A quick word about money: A lender will take several factors into account (primarily your income, credit score, and the price and value of the property in question) to determine how much money you are eligible to borrow.

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