You have a few options, and you will be best fit to talk to your local broker so he can evaluate your credit and income profile.You can either take the cash out in a lump sum on fixed terms, or apply for a HELOC(Home Equity Line of Credit) which functions more like a credit card.In either case, you will likely only be able to borrow up to 75% of the value, which in your case is ~$187,500 for each property.

Hello folks:I'll putting together my pan of attack and I'm thinking about different ways to finance deals when coach puts me in the game.Since banks don't really like giving unsecured lines to investors how do you approach them when applying?

Hey VanessaI think this is why i get so many investors calling me, who i find out later down the line are licensed real estate agents.

True colors show through when someone suggests that it's okay to cross ethical lines and they simply can't be trusted. :)

When I've asked before, I usually get some line like "it has a new roof.

In certain border line flood plain areas, they may need an elevation certificate to determine if flood ins is required.

Hi, here's the situation.

I'm working on my first wholesaling deal.

I found a motivated seller today, and ran the comps.

I haven't seen the property yet. My partner says at this point we should ru...

You have a few choices, and would be looking (since this is your primary residence) for a Home Equity Line of Credit or a cash-out-refinance.

Get J.Scotts book on rehab costs, time lines, and order of doing projects.The order is cruial on some of the key components.

Given this market and access to $250K via line of credit, I'd like to hear from the crowd what strategy they would pursue.