I use commercial lending from a bank that portfolios my loans, they don't get sold to the secondary market.But there are so many of these properties around me that get sold so frequently to FHA low down payment buyers that I dont see why MI would be that much different considering all the rural areas.

So unless you have the extra 450k cash or more and can wait for those renters to die off you were S.O.L. as the sellers were LOL.So you move on to the next one right, sure and that one is 550k with the same math.

For $3.50 per sqft, it's better to just put vinyl plank over it.Vinyl plank is an easy DIY job.Just do the math.

In the end the math will be one of your biggest factors.

This means they don't sell the loans on the secondary market.

The heavy math background also helps a lot with deal analysis and cashflow management.Doing REI has really helped with my time and people management skills.

Hi BP - I understand how and why HML are used buy those who want to Flip houses and I understand the math/LTV/etc.. associated with the process of buying a property using a HML for this purpose.

Cash out refis in the secondary I believe is like financing hen's teeth, nonexistent right now (use to be you could, then they stopped, then on, now off .There are other sources for large loans, investment banks, brokerage houses, insurance companies, REITs, etc.Another tactic is leasing to a business entity and have it sub lease to tenants, then finance the lease agreement.

I really dont understand the wholesale business model--inTexas--unless it is strictly a secondary income.

FHA mortgages are about 3 1/2% down, so do the math for their down payment, and figure closing costs too.