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. 

You verify the lender actually owns the loan and does not have any leverage elsewhere on it.3.

My bookkeeping practice pays me active income, so my priority is equity.For debt loans, you will see 10-15% annualized, depending on your experience as an operator.

I have never heard of them but it seems to be a lender offering foreign national loans?

These are all areas where home prices tend to be more volatile than other parts of the country.This is likely due to their relatively high loan-to-value ratios, and larger share of the market that is dominated by home flippers.