If so, they'll primarily base the loan off the LLCs performance, not W2.

Then he will sell and complete his purchase.You've got several options depending on his attitude and comfort level.1.

If its primarily tenant owned homes and 40 ish spaces, there wont be much to do.

Eugene Stokes, are you so brainwashed by this Snap Flip company that you do not see it’s an envasion of privacy to give all your financial information to complete strangers consisting of balances in your bank accounts, investments, 401k, credit cards, and disclose credit limits?  

I wish to cash out refinance, out of my VA loan, what is my current primary residence in order to generate some capital towards the 20-25% down payment on the investment property, and free up the complete amount of my VA loan.

I got a fixer-upper property in NoVA, which needs the complete remodel of interior. 

Do you want to learn, thoroughly and completely, how to do something in order to teach someone else how to do it and then pay them?

Purchase the property and complete the rehab and then refinance the new property to pay off rehab costs.  

Here's the numbers:Single family house in NE San Antonio. 1,456 square feet, 3 bed 2.5 bathPurchase price: $105,000Rehab; $20,000Hard money loan: $112,500Cash out of pocket (From HUD stmt):$12,500 (down payment)$2,250 (points)$385 (lender fees)$892.50 (title fees)$1,320 (insurance)-$2,001.34 (credit for unpaid taxes)Total: $15,346.16Actual rehab cost: $19,678.12Hold time until rehab and refinance complete: 98 daysInterest expense: $3,020.55Refinance loan terms: 30 year adjustable rate mortgage at 5.75% interest fixed for 5 years at 85% LTV and 1 point.Appraised value: $164,500Cash-out refi amount: $139,825Cash back in my pocket after lender fees, title fees, down payment, interest expense, insurance, etc are all accounted for: $5,389.50Now the place is rented for $1,200 a month and I figure I'll pocket about $200-$300 a month after expenses and mortgage payments and in the end, no money tied up in the deal!

Good morning everyone,I am looking to jump into real estate investing primarily with rental properties.