• Offer is accepted by bank

• Start 1st REFI paperwork w/ GFCU for 80% cash out of purchase price (80% of $78,000 = $62,400)

Day -30

Purchase property $78,000

Day 1

• Transfer Private Investor funds ($78,000) to purchase property (10% rate of return)

Day -5

• Sign Lease Purchase with Tennant

• Sign REFI paperwork same day as lease (80% x $140,000= $112,400)

Day 15-?

Two way Cash out Refinance Program with GFCU (example- Lendon)

• Rehab Property (use $22,000 of the $62,400 (refi amt) return balance to investor $40,000.

• Begin 2nd REFI paperwork w/ GFCU

• Schedule appraisal for day 15

Day 2-14

Total cash tied up to this point $37,600

Total cash tied up to this point $78,000

Total cash tied up to this point $15,600

• Return private lender funds w/ interest $80,600 ($78,000+ $2,600)

• Return Balance to API =$31,800 ($112,400-$80,600)

• Pay off remodel costs $22,000

• Return Balance to API = $9,800 ($31,800-$22,000)

Day +15

This is like a modified Day funding/ 4 month private lender

Refinance property for 80% of purchase ($78,000= $62,400)

Day 2