you the lender or borrower?

After closing the buyer borrowed against the equipment and inventory, and then sold the real estate.

I wanted to consider trying this method and wanted to know this:If I borrow money from a lender, go in on a deal with renovations, how can I know if my Refi 6months to a year later will be enough to cover what was borrowed?

While it provides significant benefits to lenders, it also imposes restrictions and potential challenges for borrowers.

It will make borrower money easier and cheaper.

You don't have enough cash and your plan is to borrow money on a project for which you are not capable of developing a realistic scope of work and budget.

I will need to borrow around 15k on my 401k for closing.

@Jason MerglI would either sell and do a 1031 or I wouldn’t do anything- yes you have untapped equity but your borrowing rate is going to be greater than the cap rate so you will have negative leverage.

Here are a few ideas:- HELOC: depending on how much equity you have in your property, you may be able to apply for and borrow against that equity- DSCR: BP now has a find a lender link and I'm happy to recommend mine as well if you'd like; there are lenders who do loans based on the future rental value of the property- Borrow from your 401k: typically you're able to borrow up to $50k and if you have multiple 401ks, borrow from multiplesHopefully this gives you some ideas of other options to bring in some cash for your investment!

FHA loans are designed for borrowers who don't have a lot of money.