The only thing is that will not allow you to do it as a cash-out refinance, because they only allow you to directly invest the money given in a new property with financing from that bank.

Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty. 

I am aware of seller financing and am working on that, but I was curious to know if anyone has taken a different creative route that I am not thinking of.

These violations are to fix porch, roof, and masonry work. bids that have received are totaling up to $150k.I'm looking to see what options are recommended to finance that additional rehab work needed to clear violations. 

How did you finance this deal?

How did you finance this deal?

For conventional financing you would need probably around $50,000 in cash to buy this property to live in.

The lender will be able to give you the most precise answers about purchases and financing, but the realtor can give you broader information as needed.

Find ways of financing your project in addition to evaluating its relevance based on what you earn.Be aware of the dangers involved in investing in the real estate industry.

Hey Inga, As long as the HELOC is not against the subject property (and there are no other liens) you can do what is considered delayed financing.