What you spent on the land/lots can go towards your down payment and, if you've owned the land for more than 6 months, you can use the value of the property toward the cash injection requirement.

If you’ve refinanced in the past 12 months, sharing your rate/terms (e.g., 10-year fixed at 3.5%) would be incredibly helpful!

The property was held for 25 months and sold.

If they have the time to make sure their reviews are good, they are going to charge you more than you need to pay because it's a big company.

New primary mortgage will be about $2500 a month, old house that I will rent out long term is $1000 a month.

Ultimately, it boils down to how certain you are the reno costs won't exceed $65k and that it won't take any longer than 3 months.

You're investing in RE for long-term wealth, not a few hundred a month that can be wiped out with one CapEx item.

Hi,Please let us know what you think on them after 6 month?

Would you mind telling us what you spend per month on life? 

New agents may struggle with periods of no income while waiting for deals to close.Solution: Budget wisely, build a financial cushion, and prepare for slow months.