Since purchasing the home, housing market in my area has declined about 20%.

As an investor and a commercial real estate broker I would not expect a buyer  to spend a dime on due diligence unless the buyer/seller come to an agreement on a purchase contract.

Will they finance 100% of the purchase and renovation or will they want skin in the game (you putting money in).Most do not do 100% funding so beore going down more rabbit holes, make sure you have the $ aspect situated first.

Purchase price will be around $400-450K. 

Purchase price: $101,000 Cash invested: $25,268 Sale price: $202,000 This was my first ever solo project.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

I've been investing in real estate for 10 years and have purchased and rented 50 sfh's and duplexes.

A JWB client purchased this home on 8/30/2024.

Purchased a 4 unit property in Cincinnati (Avondale) 2 months ago.

I see why folks are asking this company says they do 100% loans for purchase and rehab with a whopping 620 fico..