Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Getting it under market value would be a bonus.So, would using an FHA 203k renovation loan, which would allow me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

If you’re seeking a bridge or a hard money loan, you’d wanna ask about credit, asset requirements, loan to value bands, etc. but each loan is a snowflakes for every scenario always different.

I have leveraged VA loans, not for this case though. 

Also, compared to a traditional loan (i.e., conventional, FHA, etc.) for a primary residence your rate/points options are going to be higher for an investment.

For perspective, last April I closed on a new construction loan (build to rent) with a turnkey company there (Rent to Retirement).

Thanks,James The only reason you could not keep the HELOC open is if there is something in your original loan documents saying the loan would close once it was not your primary home anymore.

I paid $600k and got a local bank to loan 75% for 5-years at 3.85%. 

Purchase the first one cash (to mitigate risk) and the second property with a loan.