You'll want to incorporate interest costs on the HELOC while you're using it, but that will add to your holding costs in addition to utilities, closing costs, etc..

If while asking the questions the loan officer says that the sub to property that you are getting ready to buy would become an issue then just close on the sub to property after you close on your refinance. 

We closed on our first property on November 15 and plan to employ the fix-and-flip strategy. 

@Kristin Vegas NARPM standards highly recommend PMCs provide copies off ALL receipts to their clients.Going to guess your PMC is a one-man operation or close to it.

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

I just got an email from the HOA attorney demanding close to $2000 for past due fees.

Hi, does anyone have recommendations on investor friendly closing attorneys in Rochester, Syracuse, or Utica (or other area of Central New York)?

Jillian,You can solve two problems with just using a DSCR program to refinance pull cash out and then close in an LLC. 

I moved to miami and it's tough to do here columbus land is cheap. lower than lenders even require our buyers have to come up with additional equity just to close the loan. not sure austin's economics but happy to look at a case study with you to see if it's feasible 

Hird, Attorney at LawThe Hird Law Firm, BOARD CERTIFIED COMMERCIAL AND RESIDENTIAL REAL ESTATE LAW, TEXAS BOARD OF LEGAL SPECIALIZATION.DESIGNATED EXPEDITED 504 CLOSING ATTORNEY, U.S.