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.

Even if I found one, the cash on cash return is very small.

I spent the last 25+ years of my life in technical and executive recruiting, and now looking to taking some of those hard-earned skills and applying them to the world of property wholesaling/investing.

There is a lot that you don't know, but house hacking and managing the property yourself will give you that step, not leap, into property management where the mistakes you make will come with far smaller dollar signs and very valuable learning experiences.....and of course, you keep you hard earned rent in your pocket which will only help you moving forward.

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”.

Thanks Filter Criteria- Looking at stable rental income and cash flow positive properties, even if the appreciation gain is not that much.