Basically, its an auction type of sale, the winning bidder has to have funds right then in cashier checks.

When you cash out, the funds from the new mortgage will be used to pay off your current first and second mortgage and cover your closing costs so your HELOC would be closed.

.- That's why I was thinking about 'cashing' out until the next correction and then using the funds to get back in....

At the moment these are the only strategies I know of that  can potentially allow me to generate quick funds so that I can get into other kinds of deals.I'm hoping other experienced investors can share experiences and insights to these concepts and guide me in the right direction.

I am 80% sure I will be able to get the house for $450k and have the funds to get that.

I revommend going with one that you feel comfortable with and that operates as close to a traditional lender as possible, as they are unlikely to fund anything that is too risky.

Hello Bp, I am posting this form because I have a wholesale deal under contract with a LTV around 70% but none of my cash buyers are interested I was wondering how could I do a joint venture because my clients are looking to sell very fast.

Well the teachers union wants more money, every pension fund is under water in every city dept. crime is at an all time high so more money will be needed to fight it, and the only way to deal with it especially in the democratic Chicago machine is to raise taxes.

I will say this emphatically though:  Don't start until you know how you are going to fund this all the way to the end.

To me, I don't know many 21 year olds with 40 grand just sitting aside so I'm essentially asking for any tips or advice to funding my first investment or any tactics such as turnkey houses.