Cash Out Refinance

[Tyler Wilcox]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $150,000
Cash invested: $150,000

I bought this place with cash using savings and personal loans. My plan is to cash out refinance in 3 months. this should appraise at 170-200k. If it appraises at 200k I will pull out my entire 150k investment and still cashflow 500-600.

What made you interested in investing in this type of deal?

High cash flow

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Cash personal loans

How did you add value to the deal?

Increasing rent

What was the outcome?

Working on it

Lessons learned? Challenges?

I can get a personal loan at 7.5% 100,000

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Tyler Wilcox