Hi everyone,I have a small amount of experience investing in real estate, but will be looking for foreclosure homes pretty soon.

He is an investor himself and understands that it isn't just a pretty house with a nice bathroom that we are looking for.

The scenario that I used was pretty close to what my situation is.

But our opinions are pretty much worthless, since we're not attorneys.

They have been around for a long while and are pretty conservative in their lending. 

My wife and I are just getting started in the REI world and we’re pretty excited.

It pretty rough out here for buying and holding / house hacking for 2-4 unit - it’s highly unlikely to have a cash flowing property right off the bat even with putting 20 % down (and also as a house hack) unless you find a place in the boonies and commute in.

I found the property, financed it, and spent a half-day doing the below list of fixes which amount to pretty much nothing if you ask me: installed new white trim/base boards under the kitchen countersSwept and moppedCleaned counters, sinks, bathroom, bathtub, windows, and so forthNew caulking here and there.Cleaned backyard a little. 

If you’re in need of that much, even higher HELOC rates are still pretty reasonable as compared to hard money anyway.Best of luck!

It seems pretty straighforward and a sensible question.I'll be investing starting in August when I have access to my employee 401k, which I will roll into the Solo 401K I have set up.