If there is no mortgage balance you can try a seller financed solution..if there is a balance, it is possibly assumable?

Partners owned as primary residence and then moved out to a new home and wasn't sure what to do with it How did you finance this deal?

Fear (not financing) is one of the biggest danger with REI.

Hi Jonathan,With conventional financing you shouldn't need to live in the property for more than one year.

I would price out both Heloc and cash out refinance side by side to look at best options.

A condition of my financing is to have plans available for an appraisal of the value after rehab, so I'm looking to get started on drawings as soon as possible.

I have a great bubble of subs, just not the finance part!

The drawback you have to fit "in the box"; 20% down +, excessive reserves requirement, specific restrictions on tradelines, assets guidelines, DTI under 43%, owner occupancy etc.. if you are open to ARMs you will have a bit more options..Also need to consider the type of property - if condo/condotel banks might not finance at all.. there are many factors to consider we do have some good outlets for jumbo, would be happy to review your scenario and give you a quote.

Define your long-term goals carefully, determine your ideal outcome, plan ahead, and refrain from spending any money until you have thoroughly evaluated all your options.

When people look for a place to rent, they compare what is available at that time and choose what, in their opinion, is the best option for them.