I will receive about 110k after costs and paying off some debt with the loan.

Hi BP,I'm looking at a house that I've been eyeing for a few days. It's a total gut job but I believe it's priced accordingly - I'm going with a contractor today to get some numbers since the area it's in houses have ...

I'm looking at what options I have to pull equity out of other rental properties I have.Does anyone know of investor-friendly lenders that service the San Antonio / South Texas area and will allow home equity loans or HELOCs on rental properties?

Hey Christian, most flippers fund their flips using hard money bridge loans.

@Joseph MuleroTo boost your rent plan and make more money in the medium-length rent market, think about these steps: slowly add furniture to the new place while you stay in your current home, pick cheap furniture, use a credit card with good terms, look into loan options like personal loans or home equity credit lines, try out the market by listing the place with few furniture pieces, aim for easy-to-change furniture for flexibility, and talk to pros like real estate agents or home decorators.

You should focus on a return on equity formula, which uses the asset value less loan value as the denominator.

That wouldn't be enough to just decide to move out for FNMA, but with a legitimate employment issue you've clearly demonstrated an intent that met the loan covenants. 

@Bryan Schmidt It sounds like you will need a construction loan to fund the improvements even if the seller were to offer you a second position mortgage for 20-30% of the purchase price.

Many land purchases require cash, not loans and most people don't know that...or if you can finance it, maybe a bank will loan 50% of the price...and seems like so many people don't have that 50% to put down. 

After 6 months the tenant/operator was able to obtain an SBA loan, and purchase the property from me for $325,000.