You will further tie up your money as equity in the house requiring yet another re-fi to get it out. 

Please chime in where i am wrong on anything belowprice-113,000 rehab-7,000 total~120,000in order to buy I would need outside money, lots of cash. typically ive found that wholesalers deal in cash only because banks move slow..but its not required by all wholesalers, im not sure about this house in particular, but for this example we will assume I need all cash.investors money - 100,000 our own money 20,000 after I get to a certain point, not sure if I need a renter or if I do this after I rehab I go to a bank and cash-out refi. this is where its not clear but it sounds like depending on the bank they will do between 70-80% loan to value(LTV) and use their own appraiser at my expense of $300-$500 assuming the house appraises at 150,000 70%-105,00075%-112,00080%-120,000 (based on 80% re-fi) so if I offer the my investor 10% return I would owe him $110,000 so i would get the remaining $10,000 to put towards my own investment ($20,000) and of course closing costs and such, so I would own a house for 10,000(plus closing costs). mortgage on 120K plus taxes would be around 750-800, and it the rent comps hold true at 1300/month, I would cash flow 500-550 less mgmt fees.

If you want to go over to mine since it does include the Wi-Fi added in I would be happy to put it in for the same price for the next 6 months"So yeah it does take a "buyout" but there are ways to get them to agree without buying out the whole lease.

Fe fi fo fum, I smell me someone wanting credit for a kick-back of rum.

You have a bunch of equity in your properties and want to do a cash-out re-fi on 3 properties to get the down payment for the multi.  

You could also consider a re-fi or HELOC, but again I would use this as a chance to get rid of your worst performing asset and buy 2 better ones. 

Perhaps a re-fi or something into a new loan would allow, etc??

I am trying to win a bid on hubzu!!! 

Do you know of a lender that does these?  My client wants to do a rate & term.

Do you know of a lender that does these? My client wants to do a rate & term.