He wants a quick close? 

Like many of us here, I read the Rich Dad books in the early 2000’s but I never did anything with the wealth of knowledge because there wasn’t something like BP.

Premise being here whether the quick refi immediately after the purchase can allow the loan to be treated as an acquisition loan, rather than a cash out refi.  

As a community i bet we would all crowdfund a project with a quick turnaround (3-6 months) in between our deals for a reasonable return (5-10% depending the experience of the developer)2.

Once a house my brother and I co-own (inherited property in rough condition aka not getting rich off it) sells in Vermont, I will be debt-free and have some savings for a down payment.

THEY will not have a sale and closing that quickly if they cancel 

I think this is a major part of why it didnt sell quickly. 

I have no involvement in the deal at all, or transaction, contract, not a consultant.I set-up a quick LLC for them to pay me under, and opened a bank account for it.

Private Lenders, Hard Money lenders, or doing a "cash rich" Partner that will make you be able to do your entire project. 

Hi BP forum members,I read Rich Dad Poor Dad years ago and since then have always been interested in becoming financially independent through real estate.