“REFINANCE”Since buying a fixer upper is generally cash heavy and now your property is no longer a fixer upper, its time to get a traditional mortgage and pay you (or your investors) back.

I've never bought real estate and I've only looked at doing it through traditional realtor listed and realtor purchased. 

So, I should stick with a traditional HELOC or do an interest only until I refi the property?

I am nervous and unsure as to how to approach it being that not only is this my first deal venture, but I also am not 100% sure how the seller finance process works legally and through documentation as opposed to a traditional home loan.

@David DavidsonA self-directed IRA operates the same, whether the IRA itself is SEP, Traditional, Roth, Inherited, etc. 

I’m doing it the traditional way with a mortgage.

Andrew, if you are also looking for extra capital for a down payment and have some funds in your TSP, I just learned that you can take a loan out from both your Contributions AND Earnings (from either/both your Traditional and Roth). 

Hi,My boyfriend and I are looking at buying an investment property in Big Bear Lake. He is  a veteran and wants to use his VA loan option, suggesting I could make payments to him for my poertion of the loan. I however...

yea essentially that is whats going to happen...but term sheets are more deal specific.They will basically provide you with a pre-approval letter based up to a certain amount...just like a traditional home loan.  

I would rather go with traditional financing for my first deal..Good Luck with house shopping!