Finding deals (or networking with people who bring them to you)2.

I want to get a home equity line of credit to fund buying foreclosure home.

I am not approved to buy outright with a conventional loan, but by going HM first and then refinancing seems like a solid workaround. 

The weed and drugs they are doing should be a clear indication of getting them out and getting other people in (however this looks for local city/county allow you to  get them out).

@Khayla WilliamsI strongly recommend against borrowing 100% for a propertyThere is significant risk in owning real estate including section 8 and maintaining the home in a certain condition and if you do t have the funds for those repairs you could lose it all.I always recommend people budget and save enough for a down payment and reserves before getting into their first property.

A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume  you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so you now have 50k (25k from your initial down payment + 25k in equity).

Partner #2 married couple:  W is the buying selling RE agent on every house in LLC and Husband oversees contractor/project.   

You will learn a lot whether you buy it or walk away.

My question is, how does the process then become for buying properties in your state LLCs?

Hey Gaya, I have done two BRRRR's here and got some good deals from the MLS and other people that I work with.