This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!

If you have funds, I would recommend per-forclosures where you know there will be some solution taken within 120 days of the first NOD

I'm new to BP, but along time Inglewood Resident and local market specialist.

However, now that I have my primary residence paid down a little more I am interested in giving myself more financial freedom in the future and I am interested in buying and holding multi-family properties.

There must be people on here who have had this issue and found solutions. 

I currently reside in SE Portland in a 1500 SQ 5 bedroom, 2 bath house (tiny house for six people, a married couple lives here as well).

Hello all,

I recently bought a house in the US, cash.
Anyone know how can I get funding through refinancing this property? Can I get funding from US?
Anyone else here already did that?
Would love to hear your idea...

Go about this business with the intent of providing a service and helping people find a solution to their situation.

First time poster, any suggestions or solutions would be awesome! 

It served as primary residence for the first year and has been rented out ever since.