It's in a nice area, low crime, 3 units recently updated and not rented.

I fix them up and thenSeller finance the homes out toThe tenant buyers and my corporation will carry paper.

Some of it will be for updating this house (there’s not much left to do) however, when I mentioned to the loan processor that we also want to buy another 1-2 houses to live in/flip, he said that that would be considered riskier and there would be more scrutiny -so we might not be approved for that much.

He always wants to be updated on the net worth of my real estate holdings.

However, if you had an LLC, corporation or other registered business entity, you can start an unsecured business line of credit. 

Using a Panamian corporation might be good for asset protection purposes as they mention but that will make getting financing so much more difficult.

Also, keep me updated on your plans for a property management company in Kona.Thanks!

You shouldn't have to update wiring unless there is an issue.

We also worked diligently on getting title all the info they needed so they could update the prelim, get the HOA name transferred to us, so Title could get the updated HOA demands on time for close.

So, I wanted to give  you a quick update.