So I go over and meet with the guy, and show him we pulled lines off the stakes he showed me.

Picked this one up off of a probate!

If it is a refinance, we would look to pay off any current mortgages, finance the closing costs, get some cash-out if desired, and fund the rehab. 

If that is the case, you sell the house, pay off the HELOC, and use the $15-$20,000 to get into a new house.  

Now-a-days the numbers don't really work unless you buy off the MLS and/or you add more housing to the properties. 

And that my management, my staff, and the exterior maintenance of the building was off limits.

I am immensely grateful that the pandemic, in its own peculiar way, presented me with the opportunity to save money and devote time to rectifying my credit score, ultimately enabling me to pay off all my debts within the span of that very year.Emboldened by this newfound financial stability, I ventured into the realm of real estate by earnestly exploring available condominium options in Las Vegas, Nevada.

So you could pay out 120k on a 50k loan if your house stays at 600k in 5 years.Also, if you pay it off in less than 2 years, they make 20% interest on the money loaned.

Before we bought our new house which wasn't quite planned, we refinanced our townhouse to a 15 year mortgage to speed up paying it off.

Immediately if you want leverage to be based off purchase price + verified rehab. 3 months if you want leverage to be based off new appraised value.