That can happen if you buy a home that needs a little TLC or renovations and after the upgrade the new ARV might put you at that 85% LTV or lower, possibly even be able to take cash out.As a first time home owner you can use FHA 3.5% down or Fannie Mae 3% down (single family).

I use to be sold on the Umbrella policy but then you have to up all your insurance premiums to meet the Umbrella policy which kills your cash flow. 

This led me to refinance my 3 property portfolio to pull some cash out in order to buy 2 more.

Will banks have any issues doing a cash out refi on deal like this assuming i meet all the other qualifications such as credit score and DTI.

Purchase price: $135,000 Cash invested: $40,000 I purchased this farm as a place to park out tiny house on wheels & to be able to rent out the house on the property to have a cash-flowing primary residence ;) What made you interested in investing in this type of deal?

Is there anything else I can do other than buying cash? 

You can put you funds into assets that are positive cash flowing.B) Personally, I do not like holding assets that negative cashflow.

one thing that always worries me about those deals.. is the lender can at their sole discretion stop funding the project and make the owners cash them out .. so there is that risk too..

Have you made a decent profit / cash flow in this city?

Purchase price: $250,000 Cash invested: $20,000 Sale price: $350,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on Owens Creek Road, Catheys Valley, CA.