Unless you have a specific monthly target for your payment you can spread that out to make it a Win/Win.There has been a lot of growth in Denver over the last 2-3 years and new builds as well I just closed on a home for a customer in commerce city they also moved from CA and needed a fresh start. 

Thanks,James The only reason you could not keep the HELOC open is if there is something in your original loan documents saying the loan would close once it was not your primary home anymore.

Luckily, we were able to make it work even with no down payment (I did have closing costs, around 20k) and full seller concessions. 

Hard money lenders are going to want you to have success and will often times help you see if your numbers are close or way off. 

Hi Paola,If you are looking to buy another primary, looking to put the property into a LLC, may be changes in your income/job, looking for faster/smoother closing, DSCR could make more sense.

I’m understanding the logic behind not having a certain sense of security and that the borrower (the GC) should reach out to those close to him. it’s exactly that, though.

good afternoon, closed on our first duplex the other week, hopefully many more to come

Over the years, we’ve built relationships, closed countless deals, grown businesses with fellow BP members, and helped others get started—all from meeting people here on the forums.The Lehigh Valley is a fantastic market to kick off your journey.

Our biggest climate risks in central Texas are typically wind and hail, so anything of concern regarding the roof could get an applicant declined including trees too close to the roof surface, roof over 10 years old, etc.

One that I'm getting close (hopefully) to the end of, was a flip that was a public nuisance property with two lots on either side full of junk (like 10 dumpsters worth..)There was great opportunity with the house, but we bought the other lots as well and cleaned them up (as no one would ever buy the house with those lots filled with junk).