ITS very hard to do this stuff .. sophisticated sellers or any seller that talks to an attorney is going to have a hard time giving you title to their property but they remain on the loan.. thats your biggest hurdle.Hey Jay, that makes sense if you plan on flipping but you can go higher on price if you are going to hold it for some time as a long, mid, or short term rental.

If you are on a budget, I would hold onto that and first try to pick pockets of areas you are trying to focus on in your market.

She also doesn’t want to have to keep paying the holding costs if she doesn’t have to.How can we set this deal up where I can take possession of the house and begin work while waiting to do the sale until I’ve got another house sold to purchase this one?

Not all lenders see it this way, but a good mtg broker should be able to navigate your specific situation.On a small handful of DSCR products, you can do a refinance not to exceed your TOTAL cost basis (ie. purchase price + rehab + holding costs) and have that transaction considered a rate and term refinance vs a cash-out.

When you're done be sure to post it in the completed deals section so others can learn from all of your success.Yes, my investments have been mostly long-term buy and hold rentals. 

Investment Info:Large multi-family (5+ units) buy & hold investment.

From what I"ve gathered on a few posts, I believe the hard money loan downpayment, closing costs, and holding costs likely require cash whereas the hard money loan, renovation costs, and selling costs are essentially covered via loan/after selling.

And then we can hold it for. up to 180 days. 

Hi Carlos,Have you run a cost benefit analysis over the period you'd be holding a HELOC/refinance during the ADU development?

Good evening I am looking to foster the best deals in los angeles county, for everybody buyers to sellers & I would like to start networking more meeting with more players in the game cash buyers sellers but also people in between in the community here and just start building more relationships any advice on where to go for meetup’s what social media groups to get into and things of that nature I would appreciate any comments :)!