We figure getting our siding redone to cement plank siding and putting in standard-sized new construction windows for 10,000 - 12,000 is a better deal.Our SBA loan for our house is still processing but we were approved for 125,000 for damages and 38,000 for contents @ 1.75% for 30 years, payments deferred for the first year. 

Rates well vary widely depending on credit and down payment amount.

Hello BP,I am still figuring out financing for a 4-unit turnkey property I have under contract (for buy and hold).I wrote in a previous post that my lender increased the down payment required for purchase and I don't have it.

My strategy was always to put my best foot forward - get a solid deal lined up, make sure the numbers are legit, pull the equity out only when the payment will be covered by an investment and still have a happy marriage.  

When rates go up HELOC payments can go up quickly.

Account Closed described, he was able to use a VA loan where he would be able to buy a property with $0 down payment and probably has a pretty awesome interest rate.

Perhaps he was mistaken (and me), it's entirely possible as I'm not an expert regarding this -- which is also why I'm really thankful for your reply & will try to inform myself regarding this.Edit: The actual revenu is 92-93k, the revenu I used in the calculator was considering ~5% or so vacancy/non payment.

The return numbers are good enough that if the risk had been minimized I could work on raising the remaining down payment to get to 25-30% down. 

because the house is in your name and your rights to do what you want when you sign for the price agreed, but closing hasn't happened yet, or is closing just the payment... but if that's the case then how do you close without the buyer being there at the same time if he has the money...  

I think what you are looking for is someone trained in the ways of real estate investing - an agent that will:Introduce you to FSBO's - Expired Listings and other real estate opportunitiesWill be your fiduciary representativeWill make offers for you on suitable real estateWho understands creative financing; delayed settlement, seller assisted financing, assignment, wholesaling, REO, tenant selection, soft money mortgages, tax salesWho will be responsive to your financial goals and a person of integrity and trustHelp with direct mail and street marketing to locate transactionsHousing and rent court marketingAbsolute aware of financial and contract clauses as well as contract engineeringCan assist in - delayed settlement - automatic extension, performance mortgages, subordination, principal mortgages, options and joint venturesAware of bidding on REO, forclosures, tax sales and public auctionsUp to speed on commercial real estate, lots and land as well as businesses with real estateHow should you treat this wonderful person (if you can find one) -They should have a commitment from in the form of a Fiduciary Buyers Brokers AgreementYour agreement to pay them a commission on any non-listed deals they bring youA bonus agreement for great deals that you closeA gas budget - or a cash payment for gas Kind words and respectTo be sincere and active with the agentRespect from youFirst class training on how to represent youSometimes an equity interest in the great deals the agent has initiatedListings when you are ready to sellYour cooperation - all your financials, tax returns and other information that will help your agent close dealsA few free lunches ----Good luck --- Charles