Hi Kristy F., I am a local realtor and have a few clients who lost their homes in the fires and have been considering purchasing a Coffey park lot and building.

Originally posted by @Dawn Brenengen:@Greg F. I

Typically ppl recommend going FHA at first, then re-fi to conventional, then buy the 2nd multi-family through FHA, lather/rinse/repeat.

You would use the re-fi to pay off the hard money loan. 

Hi I am currently under contract to flip a house in the Charlotte NC area.My strategy is:To use a hard money or private lender at around 12% over a 6 month duration. exit strategy A is to sell.exit strategy B is to re fi My deal has about 40-50 k of estimated equity and has 0 structural damage.

One SFR property I bought for $62K in what I thought was a solid blue collar family neighborhood, assessed, one year later, for even higher for a cash-out re-fi.  

They re-fi or get financing on their equity to help them acquire more assets or diversify their holdings. 

Originally posted by Stephen F.:I

I’ve heard about people selling credit (card) tradelines a couple of times, most recently on Countdown to FI podcast with The Millionaire Educator (I believe it’s episode 54).

Either party can give 30-day notice (SC). I