And here’s a quick tip: use that VA loan!

My question is options for a $500,000 loan paid back over 7 years.

The original LLC can take a loan against the house’s equity to help finance the new property.

It's ideal for the current/recent market conditions where everyone is projecting rate reductions in the near term.Your current rate is so high that you are already arguably in a worthwhile position to refi but you may have to wait on that for the first 6 months or 1 year of your loan.

I m overseas and bought here with a loan too.

I am from NYC but plan on using a FHA loan and “house hack” for the low down payment option in order to start building my portfolio.

I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .

(I'm also a real estate agent)In 1 year from now I have option to buy the property for the existing loan ($376,000 in one year) plus $45,000 directly to the seller.

Quote from @Joshua Thang: Yes 2 closets, minimum height requirement met, it's bigger than the bedroom than the other rooms that was considered a room, 1 window, and 1 door.Personally, I'd have the loan officer do an onsite walkthrough of the house and document the third bedroom for underwriting.

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