. - If you turn that equity into a line of credit, you could buy fund 18 SFH turnkey properties (@$70k) in Indianapolis with an average rent of $750 which would equate into over $13,000 per month of income.

Credit reports and eviction reports are a very important part of screening as well. 

Hi, I was looking for a blanket mortgage on 7 condos/townhomes I won in FL.Has anyone heard of and/or done business with:Rental Home Financing9465 Counselors Row #200 Indianapolis, In 46240Very keen to know how they are to work with.Anything special I need to be aware of while I am looking to get financing?

So put $2k a year in a special account and you should be ok.

HOA's can demand a special assessment if their reserves aren't in order, which could be thousands of dollars.If you've noticed a theme in everything I've written above, you're right.  

So I was wondering, since I will immediately be renting out the second property, if I have to pay any special taxes or costs due to the immediate gains from it being an income property.  

The home has $100k in equity so my first choice was to just expand that line of credit which would give me enough for purchase and rehab and then I could do a cash out refinance on the new property and pay off the HELOC.  

Here's the numbers:Single family house in NE San Antonio. 1,456 square feet, 3 bed 2.5 bathPurchase price: $105,000Rehab; $20,000Hard money loan: $112,500Cash out of pocket (From HUD stmt):$12,500 (down payment)$2,250 (points)$385 (lender fees)$892.50 (title fees)$1,320 (insurance)-$2,001.34 (credit for unpaid taxes)Total: $15,346.16Actual rehab cost: $19,678.12Hold time until rehab and refinance complete: 98 daysInterest expense: $3,020.55Refinance loan terms: 30 year adjustable rate mortgage at 5.75% interest fixed for 5 years at 85% LTV and 1 point.Appraised value: $164,500Cash-out refi amount: $139,825Cash back in my pocket after lender fees, title fees, down payment, interest expense, insurance, etc are all accounted for: $5,389.50Now the place is rented for $1,200 a month and I figure I'll pocket about $200-$300 a month after expenses and mortgage payments and in the end, no money tied up in the deal!

Hello all,

For a little over a year now Ive been trying to get as much info on flipping and inventing in real estate as possible.

For the longest time having enough savings for down payments was my biggest obstacle....

The builder specializes in hotels, but feel free to ask any questions that might have to do with other commercial or even residential real estate property types.