I want to purchase a fixer upper with cashI want to rehab said house with cashAfter rehab is complete and a tenant, under an annual lease is in place, I would like to borrow money against the house to replace the cash that I have spent acquiring the house and funding it's rehab.I want this long term non-owner occupant mortgage to be based off of the houses ARV, or more technically, it's current state,.

This is my first true analysis that I have tried and I don't know if I am even close to having the numbers right.4 : 2 bedroom one bath units, one has been updated and ready to rent out at upper end of range for the area.

Its a much different strategy than if I wanted to invest along W 5th/Upper Arlington/Grandview etc.

It's my third property that I bought that is a 1500 square foot fixer upper in a great area of town for rentals and even flips for that matter.

Located just north of 78 & Rt 100 in Upper Macungie.Ive engaged him for corporate matters, but his experience is in Real estate.

You can seal that door unless it allows the upper level tenants access to their electric panel.

Between the home prices and the taxes I am having a difficult time finding homes that would be either break even or cash flow positive with me living in it, even a fixer upper.

A/C and roof were both replaced in 2009.Comps are: *2/1- 846 sq ft fixer upper - listed for 70K*2/1 - 726 sq ft listed for 109K*2/1 - 863 sq ft pending for 149,999*2/1 - 752 sq ft sold for 119K*2/1 - 720 sq ft sold for 149KWe have very little capital to put down, so we're trying to decide what would be the best: - he cannot do seller financing because he still owes 58K on the property- wholesale the property- keep the property as a rental (private money?

Search the MLS and craigslist for keywords like: TLC, repairs, as-is, estate sale, needs work, fixer upper, handyman, etc.  

Until then, I have these leads to go off of and a couple of fixer uppers I found around town that I haven't reached an owner yet.I am very appreciative of the information you guys have shared with me.