Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

If you can’t “always close” on every home you put under contract, aim for 90-95%.

I just closed a DSCR loan on a Duplex with Total Quality Lending.

If you build a buyer's list and you send them deals where the repair costs aren't close, you will lose them.

@Audrey X.I have not used the 1031 exchange service but I used him to close on a condo purchase several years ago in NYC.

I'm an Architect and MRED Grad and have entitled and permitted over 200 units across Bay Area and Norther California, ask me anything about SB9 or ADU design / permitting

Investment property financing is all we do and we beat most peoples rates and we are not even close to 5.0%. 

Even OO with closing and reserves it will not go far.

Pricing at the time of the purchase, close to the university and the university frats.

If you would of closed at 255K Im assuming the liens would of been cleared.