You can do a FHA streamline refi on an investment property, and the rate is the same as a primary.

We typically don't have trouble with getting 80% of your purchase reimbursed to you as long as the DSCR hits 1.00+.Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]Happy to discuss your specific deal whenever you've got time to review.

Invest their personal profits into real estate.3.

I was told it would take 4-6 months at most for a payout..I have over $1000.00 invested and am on a fixed income was just trying to improve my financial situation.

As a person who is new to Real Estate and Real Estate investing, is it best to save up cash or do a cash out refi on your personal home to purchase a 2nd home (1st rental)?  

Having been in the lending space for a while now,  Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA. 

Investment Info:Single-family residence buy & hold investment in Piffard.

Best of luck on your investing journey!

Investment Info:Townhouse buy & hold investment.

I'm shivam] from [NEW YORK ], passionate about real estate investing for [5 years ].