The lender will be happy to make a loan and you can get paid.I have seen banks counter with a faster closing date, I have heard from REO agents that the bank wants to get deals closed by the end of the month to eliminate additional costs, etc.

What I was able to do was borrow against the equity in the first house , $60,000 then paid cash for the second house $10,000 renovate the second house for $30,000 put $ 20,000 into my savings account and rent that house out I then went back to the same bank and applied and recieved a Home Equity loan of $ 50,000 , with the cash from that loan I bought a third SFH about 30 miles away in Schenectady,NY for 27,000 I fixed it up for an additional $19,000 and rented it out for $ 725 now I want to keep doing this , the loan officer did mention that if I were to form a corporation and put the 3 properties into it that they may lend to the corporation has anyone had any experience with transfering ownership ?

There are other solutions that could work but make sure you carefully read any affidavit that is put in front of you at closing to make sure there is nothing in there that could harm you.

As Is relates the concept that no additional repairs are taking place (it also deals with reps and warrants).

What better then to have other people's money work for you.So at 23 via FHA loan I bought my first investment property - a 4 family with an additional apartment in basement.

We do flip 4 retail, flips for C4D, buy n hold, flip 4 holds, and some additional programs.

I am not a CPA but it sounds like you should add it to the basis.

That said, just like you, we knew that no amount of hand-holding or additional training would get us out the door to actually implement these tactics in REI if we wouldn't act on what we already learned that weekend.

they worked, and took their money and invested it into apartments and homes..and now they get to enjoy the fruits of their labor...just like i take the profits from my flips and invest them into rentals,and as james plans to...it's very difficult to live on a few rentals, especially if you plan to buy more...plus, the bank wants to see additional income until you have a subsantial amount of rentals...however, if you work at it long enough, eventually you can be a buy and hold only guy, as i plan to be in a few years :)

Additionally, each level may have different goals and the same person may be in each level but at different stages in his/her life.