@Adam AndersonWith Fannie, for investment property transaction, you can have up to 10 financed properties, however if you have between 5 to 10 financed, you can only pull cash out on an investment property if you meet the Delayed Financing exception.With Freddie, for investment property transaction, you can have up to 6 financed properties, and you can cash out on all six without restriction.If your lender is telling you something different, then they have an overlay to the guidelines.Let me know if you have any further questions or if I can help out in any way.

That is going right to the source and any other site or service would be pulling the information from the same place

Did he pull the permit?

Once you know what you can build on the land you pull comps and that tells you what the land is worth.

hey all,happened upon a very low-cost property that the owners have free and clear. they've been living in one side w their mother in the other unit for twenty some odd years now and are moving to a new house. they tried listing it for 40k originally, not even a single walk through. 30k, nearly the same thing. finally got someone interested in it for 28 but then pulled the deal (the listing agent did) because the buyer seemed shady. back on market now and i've been using the listing agent to look at duplex opportunities the last few weeks so he pitched it to me.checked it out, needs minimal repair (considering the price point it's at) and can pull 550-700 depending on what updates i choose to perform.the best part of it all is that she may be willing to do owner financing as there is currently only one offer on the table and it's 8k less than what she's wanting. all that to say: what are typical terms here?

first of all - congrats that you are actively looking and ready to pull the trigger on your first RE investment.I didnt see what the end game is?

Or maybe you can pull out equity via a refi vs a heloc? 

That way you are ready to pull the trigger when needed and don't have to scramble when you find a deal and time is of the essence.

Looking for some help.I would like to pull some equity out of a property (non owner occupied, no mortgage) and use that equity for additional real estate purposes.  

I say that very sparingly because the comps (within 2 miles) I have pulled are nowhere near the quality of work that we are doing on this property.