Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!

You may find that the payment was made directly to the tenant; you may find it has not yet been funded. 

Then can decide for whatever reason not to fund the loan and keep that engagement fee.

My plan was to keep the condo as my residence, but after a year, refinance to fund a down payment on a multi-family property, either out of state or in the surrounding NY area.

Do you have a pre-approval or proof of funds ready?

Selling multiple properties in a 1031 exchange to consolidate funds for one investment property is allowed, but the property must initially be used solely for investment.This post does not create a CPA-Client relationship.

@Travis Gutting Open a prop stream account, fund it with some skiptracing credits and go to work!

If your 5th deal is good, you should be able to find funding outside the banking industry.

HI, Is opening a LOC on my primary a good option to fund flips or is there a better solution to get the funding?

Some were unwilling to provide proof of funds.