Depends what the price of homes is where you live, how much you can borrow, how good you are at finding deals etc.

I would consider borrowing against it to get yourself into an owner-occupied MFH, that's about the only reason I'd touch it.

@Bret Nida , you might not get many answers because you have not provided the right information or asked the right questions.There are a huge numbers of variables such as how much cash you have available, will you be borrowing the rehab money, what is the property worth right now, how long will the rehab take, etc.

We did not borrow a dime to complete the project, we knew how we wanted to approach this project and thus far it has worked out to plan.

A buddy of mine was screwed out of a deal and out of time and money after he assisted with bringing a California deal together from New Jersey.

With the ability to borrow money from the policy while having it still grow while protecting your business and family in the event of your demise, this will allow you to be the bank and not be waiting on a bank to give you the funds to purchase and flip properties.

Borrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.

Hey Lawrence,As it relates to traditional financing...As far as I know a NOO (Non Owner Occ) investment property is going to require 20%-25% down depending on the lender.You could however:#1 Get a partner on the next property (ie their borrowing ability + your cash)or#2 Live in your current duplex for at least 1 full year then I believe you can get FHA lending on the next property if you intend to move into that as your primary residence.

They said they would need to borrow a van/truck from someone.

Should I borrow enough to pay Realtor's commission and closing costs?