I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

I’ve worked with a lot of investors and property managers in both Texas and Florida, so hopefully, I can help you sort through the options.Florida VibesFlorida could be a fantastic choice if you’re leaning toward short-term rentals.

Many appraisal in several locations have been coming in low, which can either kill the deal altogether or make the borrower come in with more funds to close.

Bankruptcy will affect your ability to borrow for a long time and unless you know why you got in that position and change that behaviour, you aren't going to be any further ahead.If you think you can save $60K in 5-6 years, you can also pay off that debt in a year and then take the next few years to start saving for the down payment. 

- 6% rate at 30 year each $100k borrowed adds $600/month.

You may borrow an additional $35000 for hard cost improvements.

Maximizing cashflow becomes a strategy choice that accounts for your market and tenants.

So, an area might have been D class 20 years ago and is C class today in terms of what the property condition, crime etc show you BUT if the tenants still stigmatize the area in their mind then mostly D class tenants will be applying there because they have less choices.

It may be tempting to treat them as one property and do what is called "cross collateralization" in order to maximize the amount you can borrow.

We have bought loans like this from existing lender as well as refinanced borrowers into a new IO loan.