From a funding standpoint, you can expect to pay about 2% of the loan amount for a double closing.As far as closing costs, it is important that you have an Escrow agent that is investor-friendly and familiar with the ins and outs of handling a back to back double closing so that it is handled professionally and legally.

Is it worthwhile for the experienced investor simply because they're getting "free" funding?

20K is not that far off but....I am also trying to rebuild my reserve fund after my last remodel so it is just that much further off. 

This will be my first property and I want to fund the deal through an FHA loan where I know I have to owner occupy which is my intentions.

My concern is by using the HELOC as mentioned then applying for add'l conventional loans as we grow our portfolio how will this impact our ability to continue to get funding from the banks?

Hello BP Members,I'd like to get feedback from OWNERS operating their own SELF SUFFICIENT/INDEPENDENT real estate investment business, regarding the best entity structure of choice?

Plus they want your proof of funds.

I've found ways to get 70% of Purchase price funded by hard money. 

(my finance IQ is subpar at best) My parents are private lenders, and have offered funds to us at 6%.  

It’s a bad day when the hedge fund reps show up as their initial bid will be 95% of market value.