There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

Too many lenders?

Reviews when it comes to claim time are pretty bad:https://www.yelp.com/biz/bamboo-insurance-midvale

Hello I'm curious if this strategy is theoretically possible to expand super fast wealth as below:For example, I buy a rental property for $70,000 in cash and then immediately did a cash-out refinance to get $56,000 in cash (I know usually it takes 3-6 months season to cashout refi, but as long as one lender is able to do refinance it) I then use $24,000 of the $56,000 I borrow as a 20% down payment to buy a $120,000 rental property.

Primes setup makes it extremely difficult to access capital from lenders.

these houses are  located in Rockford IL, if yes: any lender here that can help with with that?

BiggerPockets is a really great place to ask questions and connect with other investors, lenders, contractors, etc. 

The buyer can't successfully refi then and is stuck with a potential liability they've overpaid for.Moreover, the other risk is that if the seller still has a mortgage and the buyer is making payments directly to the seller, the seller could collect the buyer's payments and stop making payments to their lender (pocketing money) until their lender forecloses.

I think I was so excited about finally securing a medium-term rental that I moved forward with drafting and sending a lease for them to review and sign.

Hi Moises,There are many lenders that should be able to do this.