I think I would be lucky to qualify for a loan of half the amount of what I estimate the property to be worth.So as of now I'm saving (5k now), keeping my credit score in the "excellent" range and trying to learn new ways to fund my first investment even if it isn't purchasing the multiplex I live in now. 

I am in the process of looking for my first real estate deal in West Michigan (Muskegon/Grand Haven area) and am trying to determine whether a cash-out refi or a HELOC on my primary residence is a better option to fund the deal.

My lender has me at 80% LTV, 6.5% interest, 1 pt, deferred interest for first 3 months, and they'll cover 80% rehab.Why would anyone go use private or HML for rates like this?

Hi Brian,I am preparing to begin wholesaling in the corpus area so that I can save the funds needed to do my first flip.

Currently, we have one deal and seeking funding for this fix and flip.

With funds low, I'm afraid that I won't have the $ necessary to close on a new place to live.

Especially if I want to fund more deals in the near future.I would like to come up with a part time job I can do while working as an agent that will either generate more leads for me, or help me in some other aspect of real estate investing.

I find the deals and rehab them and the investor funds them.

Find a lender that does not have a 6 month seasoning requirement or a lower LTV for the cash out refinance.

When it comes to lending, HSBC does international mortgage up to 50% LTV, and their policy sometimes state that they only lend if you plan to live there.