Great neighborhood, Entry Level Pricing at an outstanding price, Cash Flow, Future Appreciation and LOCATION!

Great neighborhood, Entry Level Pricing at an outstanding price, Cash Flow, Future Appreciation and LOCATION!

Great neighborhood, Entry Level Pricing at an outstanding price, Cash Flow, Future Appreciation and LOCATION!

Great neighborhood, Entry Level Pricing at an outstanding price, Cash Flow, Future Appreciation and LOCATION!

The before and after is simply outstanding, the house looks old from the outside, but very modern inside.So, just to put numbers out there:$77K Purchase price$23K Rehab (materials ,labor, other fees)$100K Total Acquisition CostI then went to a local bank, because all other big banks didnt allow for a cash out before 6 months.

You can always pay more and save yourself the interest (even on a fixed rate 30 yr mortgage you only pay interest for the time you have the $s outstanding).If you have extra funds, you'll want to do the math and see if you can achieve a better return by paying off/down your mortgage or acquiring another property.  

I don't believe I can get loans because I have outstanding student loans that are currently in forbearance as well as debt that isn't mine but is in my name which is throwing off my debt to income ratio (thanks mom lol)3.

The title co. just needs to receive a payoff and fund that to whomever has funds outstanding.

I’ve got an outstandingly great potential turn key property with equity left in deal and I need a contract for purchase to buy from owner and assignment contract to wholesale it.

Regarding taking a 401k loan:You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).