During rehab process the bank sees us with; 2 mortgages, 0 rents, and 1 income (spouse not working) and would be too risky. 2 mortgages will make us at borderline break even cash flow with existing income.

I will live in the home for 1 year and then reevaluate whether to make it a cash flowing rental or simply flip it.

Looking for cash flowing single family homes in the Portland, Beaverton, Newberg, Salem areas of Oregon.

Cash flow cash flow cash flow.

Cash out refi usually requires a seasoning period (eg. 1 year before you can refi) but can vary lender to lender

Purchase price: $350,000 Cash invested: $25,000 Second Property

I might be interested in paying all cash for it.

I am hopeful I could under bid and get it at a good deal.I would like to put an offer in, but I don't have enough cash to pay the full amount at auction.

**Construction Delays:** Projects can face delays, affecting your investment timeline and cash flow expectations. 

But it’s better to ask them up front (like you did) before you waste your time applying if it’s not going to be for an approved use.Also, if you’re just not sure what you’ll do with the funds, you can always say the purposes is “for cash reserves”.