I was determined to build my real estate business a lot quicker, with a lot more sustainability, and a lot less commitment to the tedious work most thought was required.So, here’s what I decided to do.

I wouldn't unless i could see a fully executed purchase and sale agreement, proof of funds, and an underwriting approval.

In a few years rates will be back to normal and you can refinance to drop the rate after you purchase a few more REI's

@Jane Trust Ryan - congrats on your purchases. 

Hello Everyone,I purchased my NACA home more than 5 years ago, and I obtained a HELOC on my home last year.The financial institution that approved and funded my HELOC was fully aware of the NACA Lien on my home and continued with the process either way.Also, I am not in violation of the occupancy requirements.What would NACA's actions be?

Purchase agreement that ensures assignment capabilities. 

You purchased it with a HML, and are now rate/term refinancing the $1.5m (75% of $2m) hard money loan for better terms b/c you show six months of stabilized rent, the T-12 and rent roll with the monthly breakdown shows a clear trend towards where we are at now.Your hard money loan matures at the 2-year mark, but you weren't silly enough to call me at the 1 year and 11 month mark, so my partner lenders that have great terms, but move slower, are on the table.

You end up generating some cash flow in interim and purchase at the mutually agreed upon price in say 28-24 months.

I understand that the most basic formula is ARV - purchase price - rehab = profit. 

There are some non-financial reasons for having to buy a new construction that are out of my control, but I'm looking for advice in helping me decide the best route between 3 options (purchase will be all cash): Option 1: 3 bed/ 2.5 bath townhome in Wesley Chapel (near the lagoon).