Hello BP members,I'm a fairly new investor.I have one sfh.I bought cash here in Hudson valley NY.I rehabbed myself and am now renting it out,tenants are on their second year lease,things are fairly well,very good cash flow since I own free and clear.Im ready to move ahead.i have so many questions but will ask one for fear of confusing everyone.So I hear and read constantly that hard money is an option ( or heloc or he,loan)My aim is to buy at least two sfhs at once and rehab and hold.I hear hard money lenders will allow you to spread the down payments on each also supply rehab funding etc.After all is complete I understand the next step to be rate and term refi.My confusion is will it justify doing so even though a conventional lender will ask for down payments and closing costs for each home separately when trying to refi the homes now that they are in good condition?

Silicon Valley Jobs, RE growth, Economic Conditions, and CA Leading IndicatorsWhile it looks like we can still expect appreciation in 2016 in Silicon Valley RE prices, I would expect the rate of appreciation to slow.

Doesn't count for how you'll get your properties up to rental condition?

Hi @Mark Turney connect with me and I can send you info on a 3/2 in good condition that we just took back at foreclosure auction.

., condition of the property, good locations, renters, property managers, ROI vs. higher cost of property, long term returns, reputable turnkey companies, etc.?

Generally , these homes should be close in location, layout, size, age, and condition.

Hangups about the deal: *knob and tube wiring throughout (though seller has agreed to update at a cost of $6500 as a condition of sale so I guess that's actually a positive.

I turn a vacancy in 30-45 days, depending upon the cleanup - - I will NOT show in a non-move-in condition.  

If you pay on time during the life of the loan and establish a solid relationship with your bank, they will work with you.Considering current conditions - you were approved by the bank, so it either means the property is a cash flowing property, or your a very strong borrower/guarantor, or both. 

There is no guarantee that the next tenants will be better or get along better.Examples:Operation, Maintenance, Storage, Alterations to Premises: On a continuing basis, tenant agrees to: Keep premises in a clean, neat, and sanitary condition; no parking, storage, or accumulation of debris on lawn or yard.Not store non-operating vehicles, nor boats, RV’s, motor cycles, trailers, firearms, equipment, tools, hazardous materials, liquids, paints, fuels/oils or chemicals on premises without landlord/agent approval; no waterbeds