What you just accomplished is what I’m trying to accomplish this year!

Obviously, there are a few expenses that may be taken out (let me know if those are completely wrong), but for the most part, I am just baffled by how anyone accomplishes cash positive flow with an FHA loan. 

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

Not only will you accomplish more in your day, but you will attract other positive people to you.PersistenceYou will find in this line of work that not every deal will work out.

Hello All,My wife and I's first home has appreciated significantly since purchasing 4 years ago and we would like to use our equity to accomplish 3 things.1) Remove PMI - This is an FHA loan with PMI for lifetime of loan.

As you can see, there are multiple ways you can accomplish your goals.

Questions are: what is required to accomplish this?

However, with trust and estate planning, there may be a way to accomplish what you are looking for.

Here is my plan of what I'm trying to accomplish -purchase $100,000 house (25% DP from HELOC = $25k down)-rehab for $20k with funds from HELOC-new appraisal, ARV around $150,000 -refinance to 30yr fixed, pull out majority of rehab/dp, pay off HELOC balance, repeat etc.Are there any other options I'd have available as far as obtaining a new loan at the ARV if I would no longer qualify for a conventional mortgage?

@Robin Cornacchio while I understand what you are intending to accomplish, unless the mother is the tenant, then no, I would not allow a lease to be signed unless/until the actual tenants inspected.