There may also be bridge financing available to you, which allows you to use the current equity in your property as a down payment for the new home.

you can take metronorth to beacon and with a car cross over the bridge to newburgh in 5 minutes so it is possible.  

Just don't burn bridges with the contractors in case you need to use them in the future (If you keep asking them for quotes but never hire them....)Good luck!

Sherman Bridge, B2R, First Key, Vizio and a few others might be a viable solution for you.  

I Wouldn't necessarily fire the agent and burn bridges but I would definitely not buy a property that you know is gonna lose money.The justification that its a tax write off is poor advice.

As far as loans coming due, well, yah that is a reason not to get a 2-3 year bridge or whatever loan. 

Financing through Sherman Bridge Terms: -12 Months Interest Only Payments -80% of cost -Holding back 80% of Rehab ( 20% is self funded)-Interest Rate 10.99% -2.75 Points -$1100 Processing Fee Purchase Price $105,000Rehab Cost $78,950   Estimated Completion 80 days$31,662.36 out of pocket. 

Things like Hard Money or Bridge Loans or Renovation loans all provide us monies to rehab properties. 

If you're going to do hard money on a rental it should be just for temporary purpose to bridge the gap.

This was a beauty.wow, I didn't even know "unanswered forums" was a thing Yup, much like investors burning bridges with much more experienced property managers..............It's a thing.