I will have all inspections done, of course, but a concern is the electrical.

i had a guy in florida try and tell me the following:buy SFH 209,000 - new construction.at completion - "value" will be 252,000he tried to tell me that with an ARM of like 3% for one year - with a negative cash flow of about 6000 a year.in two years i could turn around and sell it for 270,000so that's negative cash flow - 12,000.the down payment was of course ridiculous like 1000 bucks - with all this "great financing".so that's 13,000wow for an investment of 13,000 - i would make over 50,000.in the salesman's words - for 13,000 investment for 50,000 return - that's not bad.BE CAREFUL when you're considering your investments when you're new.

Hi I am a Mortgage Specialist and this is the only loan I have ever came across that is sticking it to me...I can't find someone to finance this deal and I know it's going to be hard but I don't want to give up.SFR-Refinance Cash-Out in NJ513 Mid1x120 MortgageStatedAppraised value=$520,000Current Balance=$405,000Needs $20,000 CashPlus must pay off current lates= around $16,000Basically with all fees and cash and paying off current late payments new loan amount needs to be $447,000 and that works out to around 87% LTV can anyone do this???

It lets one know that there's no single best course to take.

EZloancorrect me if i'm wrong, but if i pay cash for the property i would think there is no reason for seasoning. of course, you still have to prove you have done enough to raise value and have the comps to back it.jim

Of course then you find a tenant/buyer to pay you the rent and buy YOU out at the end.Anyone hear of it?

Some HML's charge usury and don't know that they can be legally liable for it.All of this is of course subject to the advice of a qualified attorney, which is where I learned of it.

Of course when we retired in our early 50s and our friends kept working they didn't say a thing.

The more it positive cashflows (makes you a profit), the better a deal it is, from a cashflow analysis perspective.Of course, there are many other "perspectives" to real estate investing, but they are off this topic.Ben

Of course if you can buy low enough, you can still cash flow property #1 *after* the refi but as a fairly inexperienced investor, I haven't found any deals like that yet myself.