Hi everyone,So I am starting to get the ball rolling on my next investment and I am trying to gain some information as to what I can expect to be able to borrow with my current situation.

Since you're leveraging the 401k funds before retirement, I would think there are significant tax penalties.I'm curious to hear about how you repaid your 401k and how much you were taxed on the loan.Regards,Steve Essentially, you borrow the money through your company's plan's administrator from your 401(k).  

Those costs must be passed onto the borrower in the wholesale -> retail markup.

You can go on this loan as non-occupying co-borrower. 

We will only do the same 75% LTV as everyone else, but you can bridge the gap using borrowed funds from another source, provided those borrowed funds are secured by real estate other than the subject property. 

(By "you" above, I mean the lenders you are speaking with.)But, if it appraises high enough, you can borrow back the whole $97k.

I originally bought it with private money for 80 and borrowed another 80 for the remodel for a total of 160 + interest.

I was a recent college grad in "the recession," and I made under $19K some years but now it's a 4 unit cash-flowing asset that I can borrow against to purchase other properties.

As students we don't have a lot of personal finance to get started, so since we are going to be borrowing i want to ensure that our numbers are as accurate as possible to explain in detail to a lender how i can make their money back and they can have confidence in my partner and I before we establish our portfolio.

Once you have some cash sales, you can reach out to a lender or two and have them start working on getting your project warranted to be conventional loan ready for borrowers.