You are borrowing from your 401k?

Some investors/insurers won't allow a short sale when a borrower is current on their mortgage.

Make sure your lender will allow you to use the borrowed money for your down payment.

Hi All,I'm a long-distance investor and a foreign citizen with several rentals in Cleveland and Florida.lately, I was looking to extract some equity from my estate to roll it over to more properties by utilizing the known BRRRR method.I'm looking for a comprehensive data source to get me started and get the bits and bytes of this operation, mainly the financing aspect and a list of recommended borrowers to touch base with. 

As Jay alluded to, during a crash, there is little money to borrow, so if you can't pay all cash, you'll miss out then too

@Cody Charnell congrats on the purchase but I was looking at your numbers and the refi will leave you with a lot in the property as refis right now are limiting to 70% LTV (75% for well qualified borrowers) which assuming the low end ARV of 800,000 that is a loan amount of $560,000 (70% of 800,000) which means all the reno and 90k of your purchase (about 190k) will be left in the deal.

I.e judgment amount is considerably higher than the estimated value on a homestead property where the borrower is represented by an attorney, this sale will most likely be canceled. 

Most buyers offer quotes at no charge.If you agree on pricing and decide to move forward, you will sign a sale agreement and there will be further due diligence which includes:Title report Borrower(s) credit reportProperty valuation reportReview of property taxes, HOA, or other potential amounts dueProof of property insurancePay history reviewPossible Borrower interviewSome buyers absorb underwriting and closing costs, others will attempt to negotiate them.

These are services that borrowers can do themselves, and may be offered for free by reputable organizations.

In that monthly payment some of that amount goes to principal, the amount you borrowed, and some goes to the interest you are charged for borrowing their money.