Since this is my first go round with pre foreclosures, I want to make sure I cross my T's and dot my I's.

A LLC will act as an additional layer of protection for everyone, and you can still obtain financing with a LLC and you do not necessarily need to have "all cash" to purchase a property under the name of a LLC.

Cash Reserves Required For Other Properties Owned by Investor; If the borrower has 1-4 mortgages, an additional two (2) months for every other SFR investment property and second home is required and additional six (6) months for every other 2-4 unit investment property and second homeIf the borrower has 5-10 mortgages, An additional six (6) months for every other investment property and second home.DELAYED FINANCING EXCEPTIONDelayed Financing ExceptionA cash-out refinance within six (6) months of a purchase transaction when no financing was obtained for the purchase transaction are allowed under the following parameters: The new loan amount is not more than the actual documented amount of the borrower’s initial investment in purchasing the property, plus the financing of closing costs, prepaid fees, and points (subject to the maximum LTV). 1.

Who would be responsible for obtaining the construction loan? 

Originally posted by @Joe T.

I have been a p/t investor for a few years, currently work full time in property management, and I am studying for my Oregon RE broker's license.

Artem, returns are entirely based on what type of property you are looking at, what you intend on doing with the property after obtaining it and finally what you want to do with it flip or rent.

Some banks like M&T dont.Get secured cards through providers that allow you to increase your balance above the 5k mark, the 12k mark, and the 25k mark.

I live in Mount Vernon & I am looking to obtain my first property in Yonkers, NY (4 unit house) in 2016 in where I live in one unit and rent the rest.

An innovative and creative way for flippers/real estate investors like yourself to obtain more properties without going to the big banks or the pricey hard money lenders.