If you buy for cash, then you refinance at its appraised value once it has been repaired and rented out.

Your goal should be is when the building is built you occupy them with tenants and then have them appraised and refinanced to pay out your private loan.

You can also bark up several dozen trees, ordering several dozen appraisals, until an underwriter says "yes" when they should say "no."

Appraisers haven't been on my good side lately.

The next time you want to buy a short sale, keep in mind that you want to inspect quickly, negotiate for any condition issues, and make sure the appraiser the lender sends for the short sale has been made aware of these condition issues.

If the house appraises, you could pull money out using a HELOC.I, personally, want to pay loans off so I would amortize the loan out, so at least some of the monthly payment is going towards principal.

Get a Cash-Out Refinance on the appraised value after 1 year of living in the property 3.

The people you will meet during that first deal: Agents, inspectors, appraisers, attorneys, contractors, and property managers can all become apart of your RE network and perhaps help you break into other areas.

I can offer this, I worked as a real estate appraiser for 14 years and during that time, developed a serious distaste for realtors in general.

And the house will appraise, I am confident of that.• I don’t want to do a smaller loan amount on the cash out refi and then take a HELOC for the rest.