So it's worth it to get a professional involved.Its highly recommended to consult an attorney on the asset protection side of the LLC and a CPA for the tax implications of the structure.

You can also try and incorporate a seller concession of up to 3% (with 3.5% down) which can help cover closing costs and reduce the cash needed to close.

For 15-29 units one lender requires a net worth of greater than 50% of the loan amount the investor is seeking to borrow.

Here are a few ideas:- HELOC: depending on how much equity you have in your property, you may be able to apply for and borrow against that equity- DSCR: BP now has a find a lender link and I'm happy to recommend mine as well if you'd like; there are lenders who do loans based on the future rental value of the property- Borrow from your 401k: typically you're able to borrow up to $50k and if you have multiple 401ks, borrow from multiplesHopefully this gives you some ideas of other options to bring in some cash for your investment!

Once the property is rehabbed, you can refinance into a DSCR loan with no seasoning requirements.I'll let some of the traditional mortgage brokers chime in, but traditional financing might require a 12-month waiting period to pull your cash back out.

If you cash out equity in a property, you are "borrowing" that money from the lender.

If that's your goal, you want 6-7 homes that make great rentals - low costs of ownership & maintenance, high ROI relative to cash in the property, easy to rent, etc.

Also there are not really a lot of foreclosures anymore - pretty much every property has so much positive equity that selling is always a better option than forclosure (= you owe more than the house is worth).

Is there a formula to how much more that land is worth when it is shovel-ready?

Purchase price: $12,500 Cash invested: $130,000 Sale price: $204,900 Purchased home and completed a complete renovation of the property.