Are you cash flowing the property?

Purchase price: $417,500 Cash invested: $37,575 Technically a single family by zoning, though set-up to be a duplex, with 3 beds and 2 baths per unit.

Other factors though may come into play though.  1. 

Figure out how you want to handle you investing and what role real estate plays in that. 

Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

@Elisee Lafrance man I wish I would’ve seen your notification earlier , right now I’m heading to get cash from plastiq, I have completed the process with plastiq but I’m gonna call them to discuss

So, there's more than one way to create more cash flow than refinancing:-). 

Refinance and take out 100% of your money, Cash flow, and have the next one ready.  

Dover is a fantastic market and I really believe it benefits from both the ability to cash flow and a market that appreciates very well.

Cash flow is difficult here in California, and so I'm looking for opportunities that have strong appreciation and long-term growth opportunities with strong tenant bases to complement my long-term investment strategy.I appreciate any insight and stories.