I was thinking about doing a cash-out refinance to get another rental property, but want to buy a multi as an o/o in the next 6-8 months.

Or wanna be home buyers - just had another one tonight - who flat out tell you they have bad credit and then want you to loan them money for their primary home with $3k down on a $100k home.I think it's much more common in commercial and investment financing for someone to be able to get a No Money down deal if they have good credit and long-term relationships or a great track record of success.

So from a business standpoint, this was a no brainer.We try to always follow Justin's advise as well:"I always bring it up slow and steady.

Also, the escrowed amount for repairs is nice, but on a cash deal, that goes away, so remember to negotiate a lower offer in a cash deal when repair escrows are offered.Even then, when your bid is accepted in an O/O deal, you (the buyer, more specifically) is responsible for all costs to dewinterize/rewinterize, and turn on utilities for inspections.

Here is my dilemma:I have a property in escrow right now and am wondering whether to wholesale for a lump sum, or purchase for cash, rehab and sell on a lease option.Here are the numbers:ARV 90kPurchase Price 37KRehab 20kAssuming my money partner refis for 65% LTV; and sale in 3rd yr, after all is said and done here are the numbers and cash flows rounded:Period 0 – (-$57,700) Period 1 – $72,000 (Because of Refi & Cashflows)Period 2 - $6400 Period 3 - $31,000Total – $51,500NPV Based on 25% Discount Rate - $19,700Basically, because this is a no money down deal for me I will be receiving only 25% of all benefits.

Its a no-fee loan and we could just put the money, back or even cancel (I have one more day), but I'm afraid to do that as this house has been twice moved, and I'm not sure that they would lend on it again if they had caught that, they never asked.

We hope to have the SEC comment on this soon, it certainly sounds like a no-brainer.

I have had a "no pet" policy for some time.

You can do a no-cash-out refinance using a new appraisal in a much shorter period of time on a conventional loan (4-6 mths).

A strict interest rate analysis would make this issue a no brainer, the credit cards bear heavier interest burdens.