High liquid cash is fairly low as I am just finishing up a rehab.

That said, they will still require you to have a minimum FICO of 640 typically and enough liquid funds to cover the closing costs and reserves.

@Tsering Lhamo many PMCs haven't updated their processes to collecting Holding Fees - NOT deposits.A deposit is refundable and very difficult to liquidate for damages.A Holding Fee is a fee, so not refundable.You need to understand what your PMC signed with the prospect.

They are much easier to sell when you're ready to liquidate. 

This will allow you to Flip, and obtain a loan based on the ARV of the property, then rent it out having the tenant pay for your new mortgage thus allowing you to pull all liquid out of the property that you had in. 

This in essence to pull liquid cash out for a second investment, and transition the property into a long term rental.

I’ll have access to $50K in liquidity in a few weeks or less and I’d love to get 5+ cash flowing properties in 2024.

Hi Pedro, with that much liquidity, I would look at buying a short term rental or rent out your current house and buy another.

This in essence to pull liquid cash out for a second investment, and transition the property into a long term rental.

Hi Jon,If the HELOC is already secured and the cash is liquid, you don't need to do do processing and origination activities as you would with a typical flip loan.