Makes sense?

I want to buy a new private home and use my current primary residence equity (plus some cash) to buy a new primary house cash and then sell the old one.So, I am looking for a HELOC with little to no closing costs, as I will retain the money only for as long as I am selling my old house after buying a new one.Any advice?

If you've done a cash-out refinance this year, what did you use the money for—home improvements, paying off debt, or something else?

Hey Jackson,As far as most of my investors, most of them use cash or various hard money lenders.

Does anyone here have a property there and if so how much are you making anually before expenses?

There is money to be made buying from wholesalers, there is money to be made buying at retail off the MLS.

Having said that, I haven't lost any money yet. 

Self Employed borrower makes good money in his/her business. 

When I was going through the mortgage property the loan processor (didn't really seem like he knew what he was talking about fully) mentioned I can't put the house in an LLC because its an FHA and it might make the loan Due on Sale?

Currently, many municipal ordinances do not clearly address STRs, and, as the trial court recognized, until they do, we “will make decisions based on the language of the ordinances in effect, even if the results vary from one municipality to the next.”"