I realize portions of this project may need to completed (by me most likely) at a later date to keep within budget.Scope of WorkExisting addition of 120 sq ft:Demo and rebuildFoundation reinforce3 new windowsInstall electrical/ plumbing to to support stackable washerNew flooring New lightsBath:Tile wallsNew toiletNew vanityKitchen:New lightsResurface existing cabinetsNew appliancesInstall sinkNew countersCrawlspace:Tuckpoint interior perimeter bricks

Is it a good idea to to refi a fixed loan with heloc and pay down the loan to invest in another property?

thanksNo income verification.  75% loan to value.  660 middle credit score.  6.25% with 3 origination points. 

So, the total move-in costs (not including pet fees, if applicable) would be $2475, all paid prior to lease signing.Also, we would need copies of the two most recent pay stubs and photo ID for all applicants aged 18+ (I can scan at the showing) to begin the verification process, which only takes a few days.Since choosing a place to live is a very personal decision, please feel free to do a “drive by” of the property, located at 123 Main St, so you can get a “feel” for the neighborhood.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Don't forget to call previous landlords and call for employment verification as well!

@Sarah Nguyen, make sure co-signer also goes through your screening process (credit check, income verification and rental/mortgage payment history) In answer to your question, I always require a co-signer for any of the following situations:- If credit score is below minimum set by rental criteria.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

I like the verification of paperwork to ensure they are responsible pet owners.

Most don't require income verification meaning no tax returns, paystubs or p and l are required.As an example, a guarantor with a 760+ middle score, who is looking for a 250K loan amount on a single family property at 75% ltv, cash out, will get a rate of 4.5 to 4.75% depending on the length of the prepay.