Originally posted by @Michael Arias:Would someone be willing to share their bankers name and contact from Wellsfargo?

I lived next door, growing up it belonged to the original homesteader, a little old lady named Thelma.

Then what happens on paper a property looks like a cash flows very well, then when you add in vacancies repairs and life in general, they end up having to start using credit cards to pay for things and get caught into that spiral To answer your original question most real estate investors are not buying a property every year.

What was your original reason for taking on this flip?

I explain the eviction will impact their credit score which will impact all loans and their ability to obtain nice housing in San Diego.  

The original cost basis was $645,000.

Hello,I wanted to know if I have a below poor credit score would it be beneficial to first try to fix my credit or create an LLC and build my business credit to start investing in real estate and worry about my personal credit score later?

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

This is a single family home and was originally a primary residence before turning it into an long-term rental.Some strategies I'm considering to grow my portfolio are using a HELOC/1039 tax exchange to purchase a second investment property/multi-family property or refinancing my current investment property into a conventional loan to utilize another FHA loan for a primary residence (with the idea of eventually turning that into another long-term rental).I currently have a 7% interest rate, and am considering refinancing in the coming months if/when the rates drop.

You could do a rehab refinance where the refi pays off the original hard money lender and the new rehab loan provides you with the additional funds needed.