What made you interested in investing in this type of deal?

There are a bunch of ways to do this depending on the property type, usage, and you (income and credit scores).If this is a primary residence, you can get up to 90% of the value of your home minus any exisitng debt. 

Equity stripping, or equity skimming, is a type of real estate fraud scheme.

I'm in Milwaukee and I have heard of a lot of bad stories involving this type of scenario...mostly involving out of state investors. 

If you qualify, you could close on the loan in days.Home 2 could be an option for a fix-and-flip as well, but you would have to have another residence because these types of loans do not allow owner occupancy.

Tyler good luck with low income tenant type properties.

its funny how this changes with time and the market on BP  if you asked this question 5 to 7 years ago you get drowned out with the cash flow is the ONLY thing and appreciation is for gamblers my self I have always been about making appreciation games in RE.. by either value add building a new product or buying foreclosure and flipping or lending money and getting instant 12% plus returns . 

Just moved to North Florida and looking for a CPA who’s familiar with these types of scenarios. 

I have totally given up on Quickbooks though it remains the best accounting software for the non CPA type 

What type of strategies are you exploring?