Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no 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 on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

I got to the point where I had no more patience with my rentals/tenants etc.

Invest in Single-Family or Multi-Family (preferred) properties with a minimum of 10-12% ROI w/ no more than 20% Down-Payment and a target income of $150 per door @ 100% financing (used for conservative calculations). 2.

You should be able to get 70-80% LTV on a fixed rate 30 year loan if you have no more than 4 loans and meet the debt to income requirements. 

with no more than 6 experienced Real Estate Investors.What I would like to discuss is, of course, YOUR experience and adventure in the REI world, feedback, tips, tricks, advice, and of course network!

No more renovations can be done to this house.

:) I'm only interested in properties that I can get for no more than $.75 on the dollar or less in this market, and would prefer to stay in the state of Maryland, anywhere in the state for investment purposes, and in Howard County or perhaps Carroll County for primary residence purposes, so keep me posted of opportunites!

Forth, I would create two notes instead of one in most cases to make sure that the first position note is no more than 80% of the purchase price.

The property's total value was assessed at $189,200 as of 11/14/09.The property doesn't need much work, no more than $15k before it is ready to be rented out, so on paper it looks like a great deal except taxes.

I once mentored another newbie rehabber who did 5 successful deals in just over a year -- after those 5 he had no more knowledge of investing than he did before he met me, as I wasn't doing a good job of forcing him to learn and he wasn't a doing a good job of learning.