However, the more I read and listen and talk to people about REI, the more I hear about buying and holding and making money via rentals.

I have confirmed the above income via her bank statements.

You can contact him via his website at assets101.com.

•Borrower Prepared P&L’s – Borrower to sign and date the P&L’s and attest to the accuracy of the P&L’s via a handwritten, signed and dated letter.

He mentioned on day 1 after closing if you purchased using cash, you can get 75% of purchase price via loan but appraised value from traditional lender is same as credit union, you have to wait 6 months.

.- If you do need your money earlier and the home was purchased with cash you'll need to use delayed financing via Fannie which will come at an LTV 5% lower and the cash out amount cannot exceed the purchase price.Any other product that has a higher LTV is a portfolio loan, private loan or Non Qm loan which will come with higher interest rates.InnRegarding the HUD I've been seeing and hearing that Fannie is cracking down on this and not including rehab costs and only going off the purchase price.I would base your numbers off purchase price, ARV and 75% or 70% depending on the property type.I hope this helps and have a great day.

Be very careful that you have the correct address/contact info for recipient - if you send money via Zelle to the wrong party, there is no recourse - you may not get it back. 

If you are leveraging each one, you can certainly flip multiple properties from one entity.As another mentioned, unless you are not honoring or intending to honor your build quality via warranty, there is no reason to trash the old and start a new.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to d

If I'm following your logic correctly, your situation is:You have a previous HELOC on your primaryYou want to refinance to new rate/ termYou'll be paying off your HELOC from some other source prior to the refi (NOT via a cash out during the refinance)If that's the case, you shouldn't have any difficulty (other than perhaps some loan officers not being up to date on the regulations, or having other weird overlays).