if it was me I would get a credit for those items do your inspection then install them yourself .. just pay cash then refi I guess or use a bridge loan.. or risk having them stolen again..

With a loan of say 350k, and paying property management, it should still provide net profit of about 4k to 7k a year in year 2.

This may border on mortgage fraud though if she gets a conventional loan knowing she intends to just hand you the title.What about a private lender that won’t make you sign personally?

@Shak F. you wont be able to do a cash-out refinance with a conventional loan, since they require 12 months.

You could get a new loan for $150k.

Purchase price: $219,000 Cash invested: $63,275 Buy and hold single family residence using a 203K loan What made you interested in investing in this type of deal?

If you’re not paying cash for properties, get pre-approved for an investor loan to understand your available credit.Time FrameThe shorter your timeline to achieve your goal, the more upfront capital and credit you’ll need.End GoalMost investing goals focus on replacing their current income, like $5,000/Mo.

Was thinking of taking a Home Equity loan for the downpayment ( @ $100,000-150,000).

There are two pieces to the loan calculation - loan to value (needs appraisal), and debt service coverage ratio (rental income vs. mortgage).

Plus you can get 30 year loans instead of 5-7 year loans you would get on 5 units or more.