This is done with a blanket mortgage with an agreed payoff to release the old property taken as additional collateral.You can also do it with a proprty that has a mortgage at a lower LTV if there is enough room.

@Ryan Denman he has his bigger pockets book release starting next month and he tells all his students to join bigger pockets.

Our first and only tenant will be moving out at the end of the month and we plan to do some minor rehab and updates before releasing to a new tenant.

I have since been trying to use some of these strategies in my investing but what i've learned is that the banks are very leery about them and they are usually held in escrow then released appropriately and proportionately dependent upon the type of credit and what it is being used for. 

Some fail to factor in the depreciation taken on a property and any suspended passive loss carryforwards that get released upon sale.if you are working with a tax professional, run him the scenario of selling Property A and Property B and ask him what the gain would be on those properties.Then compare it to the loss position that you would have on crypto currencies.I hope you recovered some of your loss position within crypto.

As always, I am here to share one of our new releases that you might find helpful as new buyers/investors.

If there was an old mortgage you need a release from them.

You pay a token rent; just enough to validate the contract as legit.Also, he gives you a lien on the property for $5,000 to protect your interest/option fee, which would be released if you chose NOT to exercise your option.Whatever you do, don't let this go beyond 6 months. 

The bank will confirm that the work has been done, before releasing money for the next draw.

They also claim that we need a city inspection before releasing the tax certs, yet I have closed with a city inspection post close and have confirmed with the city that tax certs and a city inspection are independent.