Hi James.

One on a property in Colorado, another on a property in Washington.Colorado: 130M balance, 3.375%, LTV ~51%Washington: 262M balance, 3.875%, LTV ~60%Maximum Loan Limits in Snohomish & King Counties: $667MMy idea to leverage myself into a new primary residence is in 3 parts.Refinance the WA property to conventional financing to free up VA eligibility and back it up with a 95% equity line of credit from SDFCU.Draw a NOO equity line on the CO propertyUse both equity lines for a downpayment on a new primary residence financed with VA fundingMy question is, does it make sense to refinance the WA property for the benefit of VA eligibility on the new purchase? 

Hi @James HallfordWelcome to aboard!

@Kenita James - you get it under contract first. 

@James Wise I'm trying to track down property owners for vacant homes and lots.

Cash flow is king!

@James E.

Not sure there.He is in it a couple of weeks, and is now ready to be the Wholesailing King of the World.Sounds like he still doesn't know what hebis talking about, although they teach him investing lingo, so he feels confident.This feels like a pure scam to me, but if anyone has any positive experiences, I'd be excited to hear!

On paper, he would be able to make $50,000-$100,000 annually on increase in value of the property he had debt on. in that timeframe, the amount he was making on paper was significantly higher than what people were making on annual salary.With that thought in mind, I would lean towards the content of leverage is King.

I started REI in the latter half of last year and let's just say I decided I needed a cheaper education than the one I was getting by just blindly charging in :).I'm in Seattle metro area, King County.