Finance of America offers a line of credit for flipping that is based on a multiplier (5x I believe) of retirement and savings.

Where would they draw that line where they would say “no, it needs too much work”

@Brian Ambuel You bet. 

I try to line up several showings in one day while I'm staying busy cleaning or repairing.

And even "needing a little TLC" is subjective.The bottom line is it all comes down to the demand for the house.

One thing I can say about Foreign National borrowers, you can usually bet they have good savings, multiple paid on time mortgages and other loans under their belts when they contact me.     

I have raised money, had done creative financing through credit cards at 0% interest rate, relationships with Hardmoney lenders, and have just started my pursuit with corporate credit andBig lines of credit.

A home line equity is another way to get cash when you need it.

The question is at what point do you draw the line when looking at a property where the termite damage is extensive?

Bottom line it still way cheaper in NJ compared to my closing in NY.