No matter how you do it have a back up plan in the event the mortgage company call the loan due.    

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.

.: I'm thinking of investing in some notes with Capella Mortgage.

If anybody has any cheaper, alternative options to try first before resorting to a plumber and killing my CAPEX reserves, it would be greatly appreciated!

I am currently halfway through a gut rehab on a property which I completely own. I unfortunately self financed so my funds are tied up in this one house.  At this time in the project, is it possible to take out a loan...

it sounds like you're really eager to deploy a bunch of capital into supposedly cheaper markets, but you're not going to cash flow $500 on a random single family anywhere unless you are self-managing and super hands-on and prepared to deal with rough turnovers.  

I listed it for a month, then decided that cashflow would be strong with the current mortgage.

Love to know. couple things  NV is one state were NMLS registration and state license are required to be a lender on any rehabs on 1 to 4 units.. that's number one.. you check with the statealso I would file a complaint with the state of NV  mortgage enforcement division right away if this guy is not legit he will be shut done and fined.  

The actual penalty varies but it's often a step down or if a 5 year prepayment penalty term, it will be 5% of the original or unpaid mortgage balance if refinanced or sold in the first year, then 4% in the second year and then on down (the exact penalty varies which is why I mention both the original and unpaid mortgage balance.

The older homes are much cheaper than the newer homes, and I'm not sure why.Yea.