We are considering modular or traditional builds.The problem:My partners and I manage a portfolio of property that spans multiple states and a variety of property types.

Since this is the first time I've re-fi'd any rental property is this better then a traditional bank who gives up to 75% of property value?

On top of that the properties I have seen were all overpriced when compared to the comps being sold elsewhere.

Are there the same requirements as if I’m getting s traditional mortgage?

He previously applied for a traditional home loan and was denied because it does not meet the secondary market requirements.

Hi Betsy,Williamsburg is fairly diverse with the majority of properties leaning toward the higher end as compared to Newport News and Hampton. 

Honestly, one way to go about this process is compare what you have to the PAR Standard Agreement of Sale.

Those who are self-employed (wholesaling generally qualifies) can get the additional benefits of the Solo 401k including: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

@Jack B.Three scenarios: 1) If you reinvest- yes it is traced to that activity and deducted2) if you use it for personal use - non-deductible3) if you hold on to it on your LLC account/ books, but dont reinvest - it can be argued that you are holding on to that money for future repairs and stuff and you refinanced/mortgaged because the interest rate was super low compared to what coming in the future.

I have had a lot of people tell me to stay away from conversions as they have bad vacancy rates, do not rent as well as traditional duplexes and are a lot more work than traditional duplexes/triplexes ect....