Hello Michael Davila I agree with Harjeet Bhatti ideally you would want around a 70% loan to value for that one house, if it is the only house in your portfolio.If you have multiple the 70% rule I would expand to the entire portfolio.I am currently in the same position of trying to leverage equity in my first home for another deal.Let me know if you need help with anything and happy hunting!

@Michael A Pierson I think you might be confusing Dodd Frank restrictions regarding the number of Seller Finance deals an individual can do (someone without a mortgage broker license) with property management.

I started diving more into the financing side at the end of last year and became a commercial and hard money broker.I've seen a lot of loans (on good deals) rejected due to these reasons:Not enough down payment / liquidityLack of experienceBad creditCitizenshipI feel bad when there's a good deal (70% rule, sometimes 60% rule) and the borrower loses it because they can't get financing for it. 

Hello Anthony.Usually there is a minimum 6 month window where you can’t refinance the property you just purchase a home.Also I know you are trying to pull out equity for the next deal but after reading the “Long-Distance Real Estate Investing” from BP a rule of thumb for leveraging your property is to have a 70% Loan to Value ratio for your whole portfolio, not just one Home.

@Lawrence RatliffFirst off I commend you for the hustle, the ambition, and the huevos (Spanish for eggs referring to something else) to start your RE pursuits.but ...1) I agree strongly with @Justin R.2) I am not a big fan of any of the so called "rules" but the one that I use as a quick guide on ROI calculations is the 50% rule for lower cost units. 

We live in Maryland near Washington DC, and have about 100k to buy our first property outright; it has to be fully bought, that's mom's rule.

If I was looking at it to build a spec house  70k all in is about right for a 350k exit  120 way too high.100k if your very efficient builder.. or a owner / builder and gets great pricing.. 4X is kind of a rule those price points.were it flip flops is the   2 million dollar lot and the 8k build and sell for 4 million like I am sure there is stuff in seattle like that and bay area and other high priced areas.but at the 350 exit I like the 1/4 or less for lot price to make a 15% gross profit margin after all costs.

Hey everyone. I have a question/situation that I'm hoping I can get some guidance with. I bought my house in 2015, with the intent of one day turning it into an income property. I put 20% down to avoid PMI, with the h...

My accountant has saved me hundreds of thousands of dollars over the past 25 years and has been able to keep me out of any audits and grief that the IRS can give you unless you keep your records tight  and follow the rules.

There are regularly proposals almost non-stop to impose new STR rules.