It works great for me, but not for banks.Is it possible that I could get traditional financing (e.g. based partially on the expected income from the property)?

They'll still require a BPO for valuation, whether it's a pre-approved or traditional.

They are also requiring taxes to be escrowed with them, but it is not a traditional escrow, it is just a savings account that we have control over, but we are supposed to ask for permission before we draw from the account.

Then I can get traditional financing and not have to tack on rehab costs out of pocket too.2) Area.

This is a fantastic financing tool for agents: increase sales, get sellers off the fence, upsell, and get financing for folks who might not qualify for traditional mortgages.

Been a while since I said anything on this thread.1) The ethics issue - It's like the old moral problem from college philosophy and psychology classes ( can't remember the name) would you steal medicine to give to a sick child.

President Obama, may I have health care so I can live or would you like me to just have pain medicine and DIE?

Now is this just for HELOC or even traditional Subj2 deals?

Of course, this is one of many other ways to get started without having to saving up for a traditional down payment.

Comps, zestimate, etc.) you employed), Distributions (how investors get paid back), and any other Notes that may apply.I'm liking some of these more conscice, online methods over the more traditional but vebose, textual, "3 ring binder", more formal presentations I've done in the past.Example: http://patchofland.com/investments/beautiful-suburban-georgia-rehab.html