I got an ad for Dominion in the mail the other day and was thinking about checking them out, 100% PP and 100% rehab sounds nice.

I would say anytime you can add value in real estate through taking a distressed property and fixing it up and adding value it is a good choice whether its for investment or primary ownership purposes.

I had seen an ad recently from quickloans about something they offer, they give cash for the equity and then when you sell the property they are paid?

Will I only be able to mortgage the purchase price and costs, or will I be able to do a full cash out refinance and tap into some of the added equity of renovations?

My strategy in Arizona has been adding bedrooms and renting by the room - currently getting 850-950/room in nice neighborhoods.

Hi Shak,If you have added value by doing upgrades to the property, I do know of programs that can do it with no seasoning.

My longest recent rehab was 2.25 months and added a half bathroom, took down 4 walks including load bearing, put up 3 walls, new plumbing, electrical, flooring, huge percentage of drywall, an eye brow porch, new kitchen with full layout change and new bathroom with full layout change.  

I do not see that home prices have dropped 2-3% and this is a lot of added savings in additional to a downpayment if so. 

they're often much more expensive than they appear because they have deferred maintenance that has been adding up over decades. 

I tried in my market which is the 2nd biggest to New York, so pricing for ads was really high and the return was not great.