You would need to purchase a home with a good amount of equity and then do a cash-out refinance whenever the bank allows it (usually 6 months).

@Joshua Rountree - Not sure what you're asking exactly, but I'll try to help based off what I take away from this.First - the offer would likely have to be under your partner's name since a cash offer will require a POF which the names have to match the POF and the offer - otherwise you could just be taking someone else's bank statement and saying they will fund it with no legally binding contract.

My brother is a real estate inspector and recently got a list of foreclosed properties from a few local banks to get ready for market.

if i will sell my rental property for 500k and i  have a loan balance of 335k so i have an equity of more or less 130k net but i have already 4 rental properties is there any bank that can finance 4 more properties for the exchange?

I'm doing something very similar in Kansas City and am doing a cash-out refi with a local community bank.

I personally would go commercial at a local bank because they underwrite the asset and it's income, not your ability to make payments.

Would love to connect with you if you're agent, property manager or airbnb host that are in the area.

We are looking for a local bank that serves Hobart Indiana and does cash out financing so that we can get 80% of the ARV out.

I wouldn't go to the bank on that strategy (Literally).

Few days ago I came across bank owned house with price tag of $300k.