If it is a refinance, we would look to pay off any current mortgages, finance the closing costs, get some cash-out if desired, and fund the rehab. 

So you could pay out 120k on a 50k loan if your house stays at 600k in 5 years.Also, if you pay it off in less than 2 years, they make 20% interest on the money loaned.

Immediately if you want leverage to be based off purchase price + verified rehab. 3 months if you want leverage to be based off new appraised value.

Happy to provide more detail on this, but I don't want to get off-topic. #4: Property Size (More of a wildcard as the location would make this more or less of a factor.)- This isn't always a direct impact, but in some markets (e.g.

Before we bought our new house which wasn't quite planned, we refinanced our townhouse to a 15 year mortgage to speed up paying it off.

If that is the case, you sell the house, pay off the HELOC, and use the $15-$20,000 to get into a new house.  

I am immensely grateful that the pandemic, in its own peculiar way, presented me with the opportunity to save money and devote time to rectifying my credit score, ultimately enabling me to pay off all my debts within the span of that very year.Emboldened by this newfound financial stability, I ventured into the realm of real estate by earnestly exploring available condominium options in Las Vegas, Nevada.

And that my management, my staff, and the exterior maintenance of the building was off limits.

With Current interest rate, would be wise to pay cash, specially if you're in a position to do so.

We live off her income so I can focus on building my sales pipeline and saving capital to buy our first rental property.