Hi Tahreak, You have to be just as careful purchasing new builds, many of the homebuilders I noticed sometimes cut corners and you might have more maintenance related costs than expected.

Purchase price: $92,500 Sale price: $270,000 This West Philly home was located in the Carroll Park neighborhood of 19131 and was a great site at just under 1500 sqft.

Helocs must also be calculated in underwriting based on fully exhausted payment meaning even if you only use a portion during the next purchase they underwriter will hit you with the full payment for risk.Cash out on the other hand is a liquid reserve tax free and it only requires (1) mortgage/lien.

I currently own a home in Seattle (Queen Anne) that has appreciated roughly $1M since we purchased it nearly 9-years-ago. 

I don't intend to live there, but I want to hold onto the property for a while once I purchase it.

Because they've spent the last three years telling everyone who will listen out in California and online how wonderful it is investing long distance in crap properties in Ohio.

If you believe the appraisal is completely wrong, you can order a new appraisal.When you say 75% LTV, do you mean 75% of ARV or 75% of purchase price?

Additionally, it's hard to convince someone to trust you on the purchase of their biggest investment/asset when you yourself don't own real estate. 

Purchase price: $607,000 Cash invested: $30,000 Just got done with this unfinished home went in and done most the labor myself with my brother and cousin to finish out this 6900 sq ft home we added and addition 900sq ft during the process.

We've put feelers out online (like care.com) but haven't received any responses.