Bank Alternate Stated loans (these lenders are not banks and borrowers do not need to submit tax returns to qualify for these types of loans).

If you pay the mortgage in full each month, the only down side is if your dad needs to borrow money.

My property taxes are still being paid at a lower rate than what my house is worth.If I get a Heloc at market value, the loan will peg my house at a higher value which is great to allow me to borrow more.

So to keep an anonymous entity anonymous you would either have to only borrow money from lenders who don’t require a financial statement, or live on a cash basis, or being willing to “fib”.

PRICE: 254KRC: 9000ARV: 300KBORROW FROM HARD/PRIVATE MONEY LENDER: 263KRENT IT (2% RULE): 5260REFINANCE THE PROPERTY: 300K x 80% = 240,000now;240,000 (cashout refinance) minus 263,000 (borrowed from hard/private money lender) = -23,000 i think its a bad deal.your help will be much appreciated!

@Alan HaleWhat you borrow is irrelevantYou paid XYou spent YSold it for ZZ-(x+y) = gross profitIf you took out $45k and only have $23k now looks like you lost $20k+

Have you considered trying to borrow the rest from a family member or friend?

Both are occupied but borrowers want to walk away and I had someone go by both today because I had people in both markets.

@David MuscovalleyI'm only going to talk about using a HELOC for a long-term loan (i.e. to borrow equity to acquire rental houses).If you borrow equity to buy rentals, you increase your investment overhead.

Any concerns on your part as the buyer / borrower that might cause problems closing?