He seems to think there’s no creative way for Wells Fargo  to eliminate That particular line perhaps in favor of me giving an extra couple of percentage points when I sell the property for a profit.…… I kind of understand that… So my question for this form is That particular line perhaps in favor of me giving an extra couple of percentage points when I sell the property for a profit.…… I kind of understand that… So my question for this form isDoes anybody know a 30 year mortgage out there that is not FHA or anything to do with the government, that allows me to buy live in as my primary residence fix up and leave and sell before one year?

Well I have $270k of equity in our primary residence and house hold income is $130k a year with only a monthly mortgage payment of $1600 being the only debt.

Also how about an equity loan to purchase another buy in the state I will be relocating?

In summary, the hardest part was literally 'pulling the trigger' and I've learned not to worry over a few extra thousand when buying a home because in the long run, paying a few thousand more to win a bid may net me 10s of thousands (long term) in equity/rent collection. 

It sounds like a good strategy to me, as long as I'm patient enough to save up cash for that first property (assuming I'm not interested in private/hard money), and I'd have the advantage of being able to offer cash on purchases.My question is: is there a limit to the number of properties you can have refinanced or have a heloc (or equity loan) against?

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I strongly recommend all the tax advice given by my fellow CPAs.Amanda HanBrandon HallTax Reform Update – Brandon Hall and Amanda Han Linda Weygant GuidesUltimate Beginners Guide Forum StickiesBP Calculators or spreadsheets uploaded by membersMy Favorite Books I have to say all of the BP books…right?

All appraisals came in with different numbers, one gave me no equity, the other gave me little bit, and one gave me a lot.

Jenny,Great question as there is indeed a lot of focus placed predominantly on cash flow that makes the returns associated with out of state appear to be the way to go.However, real estate returns are obtained from 4 areas: cash flow, appreciation, tax benefits & equity build up through amortization. 

Now I want to refinance the HELOC so I can pull out the additional equity that has increased over the past few years since I opened it. 

The laws are actually very favorable to the landlord which helped significantly !