For example, if a borrower is refinancing a $100,000 mortgage, the closing costs will range between $3,000 and $6,000"In addition I found this, "The VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA home loan.

Before purchasing it's giving me the option of adding additional output fields.

I don't know if its better to use my larger purchasing power this year to buy a fixer in Dana, stop paying rent and then slowly acquire the New Mexico rentals or get started now on New Mexico and continue renting.

I am not looking for them to use thier credit, but  only seeking additional finances to help me fund my 1st deal.Any suggestions, things to beware of etc......all greatly appreicated.

In addition, you will be far less efficient.

In Philadelphia.Pa, we are focusing on acquiring 2 to 5 units whose price range vary from $400 up top $1M.Outside Philly  (we are also considering out of state) we are looking for 10 to 25 units valued between  $2 to $5M.Which states do you lend?

Feel free to PM me if you need any additional info.

There would be additional review at this point: ordering the appraisal, downpayment requirements, and the paperwork for the rehab draws and terms.The local banks I've worked with required 25% down on the purchase price, the rehab was done in drwas after the inspections, but all one closing and then the loan converted to a permanent loan once the draws were complete.20 year term resetting every 5 years, for me.  

I already have an idea of several ways I want to approach this deal but I would like to hear some of the seasoned investors ideas so I can better formulate my plan to acquire and hold.

We are also working on other deals together, so there are additional benefits to both of us.