The damages exceed their security deposit.

I utilized a HomeStyle Renovation Loan, a conventional loan that enabled me to finance the cost of the rehab.

It messes up the entire loan because your max loan amount just decreased as well, so to make the loan work you don't need to put up 20%, you need to come with 30% to get the loan amount low enough to work with the rent constraints. 

As they described it, the principal of the insurance earning interest wasn't diminished by the loan like, say, a 401k loan would be.

I am looking at a cash out refi or a heloc/heloan, a 401k loan, a home equity agreement or even creative financing to do this.

Hi Jason, The first time home-buyer program would apply if your wifes income was able to carry the loan from a debt to income ratio standpoint.

What you can do is a cash out refinance and pay off the Heloc and take out some cash and consolidate (2) loans into one.If you were to calculate (3) loans more than likely your "blended rate" would be higher than a COR right now.

The bank also wanted the church to maintain “compensating balances” in their checking account.We had an existing $650,000 mortgage secured by the property, which had been paid down to $615,000.  

Keep the money and never try to buy a course on wholesaling again.Hi, I'm an investor and I want to mainly focus on buy and hold, I want to do wholesaling as a way to find properties for myself and sell the ones that are good deals but don't meet my criteria.The properties i have now I got from the market with convectional loans, as someone who has basic knowledge of how this works what would you recommend as a good learning resource to learn wholesaling, subto and seller finance?

We would be looking to use a conventional loan.