Check.Background this will be an investment property as I have a primary, buy and hold, refi, buy again.Anyone else at this same point?

Sorry for the long explanation but I wanted to put a lot of facts upfront and see how like minds would use this info to make some money.

I'd imagine that they get paid after the auction but I cannot guarantee that.As for the mortgages, the first is the primary loan and usually the biggest.  

The primary reason I'm asking is because for my buy and hold strategy I'd like use hard money loans to buy distressed properties, rehab them, and refinance based on the ARV to a conventional mortgage.

While the latter is only 1/4-1/2 point above owner occupied house, the former is 1 point above.I am looking at 5/1 or 7/1 ARM and while I can get a large delta for my primary residence I don't see the delta (its almost zero) for rental.

My Name is William Duncan "Billy" from Cypress, TX and although I do not have any authentic REI experience, I have rented out the first two primary residence homes that I purchased just as a logical thing to do at the time.

Is this first house to be your primary residence?

People with a lot of money still like to work they just do what they love and enjoy as money is not the primary factor but secondary at that point.First thing is take a long and hard look at your budget and what money comes in and what goes out monthly.

Hey RE gurus,Is it a good idea to buy a investment property by taking a home equity from primary home?

Wish you the best :)Owner's First Name:Owner's Last Name:2nd Owner's Last Name(if applicable):2nd Owner's First Name(if applicable):Contact Person's Name:Contact's Email Address:Contact's Primary Phone Number:Contact's Secondary Phone Number:Contact's Mailing Address:What is the Complete Address of Property?